Sergey Nazarov stated that tokenization will build an efficient financial system, allowing on-chain cash, stocks, and funds to be directly accessed by AI agents.

At the Sibos conference hosted by Swift, he discussed the entry of agent-based AI into custody and asset services with JPMorgan and the Global Legal Entity Identifier Foundation, focusing on agents evolving from providing advice to becoming market participants capable of initiating trades independently. At the Philadelphia Fed's fintech conference, he shared the stage with BlackRock's William Su, Vanguard's John Evans, and SharpLink's Joseph Chalom to discuss the infrastructure needed for institutional asset tokenization. He noted that cross-chain costs are "dropping like a stone," and banks will issue tokenized deposits in bulk; the SEC approved a five-year innovation exemption last week, allowing tokenized U.S. stocks to be traded on-chain. He believes that even if the Clarity Act does not pass the Senate, the usage resulting from the exemption will make any retraction painful.

During a CFTC Innovation Advisory Committee roundtable, he mentioned that the next step is stock tokenization, moving traditional market capitalization onto the blockchain, with the U.S. accounting for about 60% of global stock value and flow. The speed of tokenization will determine whether market share can be retained. He also warned that AI could attack and manipulate markets, making the security of private keys and smart contracts even more valuable. Chainlink simultaneously launched a preview of a gateway for agents, allowing them to self-register and pay per use with dollar stablecoins on Base to access data streams and initiate on-chain operations through workflows; the documentation specifies that this gateway cannot prevent agents from bypassing interfaces and causing disruptions. CCIP 2.0 has been launched, incorporating compliance, risk control, configurability, and network participation based on institutional feedback, for transporting data and assets between public and private chains. Chalom wrote that by 2030, global financial services annual revenue will exceed $1 trillion, and by 2035, about $4 trillion will enter the competitive range, driven by stablecoins, tokenized assets, on-chain finance, and agent automation.

Tokenization of U.S. Treasuries and broader physical asset tokens have previously been counted separately, with institutions including JPMorgan, custodial trusts, State Street, and Fidelity International integrating oracles and interoperability. Funds are shifting from traditional custody accounts to token containers that can be collateralized and lent, with agents responsible for switching between interest rates, risks, and taxes. Buyers are asset managers who want agents to directly handle securities, while sellers provide data, cross-chain, and identity layer infrastructure. The event is driven by the overlap of Sibos, Fed meetings, and equity exemptions. Beneficiaries are the oracle networks that first receive institutional distribution standards; those under pressure are brokers still relying on manual instructions and closed accounts, as well as custodial rules that have yet to resolve agent overreach in trading.

Source: Public Information