How Tokenization Will Rebuild Capital Markets | Gabe Otte

Tokenization represents the next evolution of capital markets, shifting from traditional database-driven ownership to programmable, on-chain assets. Gabriel Otte, CEO of Denari, explains how his firm builds compliant, custodial infrastructure that enables global access to U.S. equities through a B2B2C model. By integrating with international brokerages, Denari allows retail investors to hold tokenized shares that maintain direct claims on underlying assets, including corporate actions like dividends and voting rights. Beyond current custodial implementations, the ultimate goal involves creating fractionalized, on-chain order books that facilitate direct asset-to-asset swaps. This capability could fundamentally alter portfolio management by bypassing fiat settlement, potentially redefining what constitutes a taxable event. As regulatory frameworks mature, the industry is moving toward a future where tokens function as the shares themselves, replacing legacy server-based record-keeping with transparent, programmable financial systems.