CoinDesk's David LaValle and Kate Irwin sit down with Tom Farley, CEO of Bullish, at the Ripple Swell conference. Farley breaks down Bullish's May agreement to acquire transfer agent Equiniti, arguing that only a transfer agent can work with a listed company to make a token that is the actual share as opposed to the wrapped tokens, synthetic tokens and IOUs he says issuers find "scary." And, drawing on his career from the New York Board of Trade's paper-and-carbon-copy floor to electronic markets, Farley predicts that in 10 years 95% of shares will be held on a public blockchain. - Chapters/Timecodes: 00:00 Bullish CEO Tom Farley at Swell 00:22 Tokenization Dominates Swell 00:44 Why Bullish Acquired Equiniti 01:45 When the Token Is the Share 02:40 Tokenization's Definition Problem 03:51 Regulation: Congress Down, Regulators Up 05:58 From Paper Shares to Public Blockchains 06:48 A Career Modernizing Markets - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj