BitGo CEO Mike Belshe said tokenization is fundamentally about expanding access rather than trading during a Bitcoin Magazine BMTV interview. According to ChainCatcher, he said the current financial system still reflects infrastructure built to address the 1960s paper stock certificate crisis, when the New York Stock Exchange had to halt trading weekly to complete physical settlement.

Belshe said retail investors are often forced to sell assets because they cannot borrow against them, and he described that as a key driver of K-shaped economic divergence. He also discussed how ghost shares and tokenized stocks could change that dynamic, saying reserve proofs and time-locks on shares could be used to show long-term holder confidence.

The interview also covered the centralization risks that could emerge from concentrated custody, how multisig and MPC can reduce single points of failure, what U.S. regulation still needs beyond clarity, and the role AI agents may play in asset management. Belshe also explained the meaning of his earlier remarks about the dollar going to zero.