Securitize CEO Carlos Domingo stated that for securities to achieve true on-chain representation, they must be tokenized in a "native" manner, such as directly registering and managing all rights on-chain, rather than through traditional databases or intermediary structures. Domingo cited Exodus shares and BlackRock's BUIDL fund as examples, stating that their tokens represent 100% of the securities' rights, with no counterparty risk and no fragmentation issues. Although platforms such as Robinhood and Kraken have recently launched various stock token products, these designs have raised regulatory concerns. [Decrypt]