"Demand from innovators precedes demand from traditionalists Carlos Domingo of Securitize, who has built infrastructure for tokenized securities since the KKR partnership in 2022, notes that today "the demand comes from crypto people" — not from traditional finance participants wanting tokenized products. He estimates the industry is "still two to two years away" from mainstream TradFi adoption, meaning the current growth phase is being driven entirely by crypto-native capital seeking real-world assets. Anyone planning a product or business timeline around tokenization should plan for a crypto-native early adopter phase first, and build for TradFi accessibility as a second wave unlock. Source: Carlos Domingo, Crypto Podcast, Salt Conference Interview"