LMAX CEO: Why Everything Will Be Tokenized

In episode 12 of The Big Brain Podcast, Larry and Namik are joined by David Mercer, CEO of LMAX Group. The conversation explores stablecoins, collateral mobility, tokenized securities, institutional adoption, regulatory clarity, and why Mercer believes tokenization could have an impact on capital markets similar to the rise of derivatives.They also examine prediction markets, perpetuals, and the growing role of banks in digital asset infrastructure.OUTLINE00:00 - Introduction01:09 - LMAX Overview05:29 - Stocks vs FX08:23 - 24/7 Markets11:03 - Omnia Strategy17:05 - Institutional Future23:21 - Adoption Reality30:45 - Credit Markets33:02 - Tokenization Debate38:21 - Prediction MarketsGuest links:David Mercer - https://www.linkedin.com/in/mercerdavid/ LMAX Group - https://x.com/LMAX Host links:Larry Cermak - https://x.com/lawmasterNamik Muduroglu - https://x.com/NamikMudurogluThe Block - https://x.com/TheBlockCoMegaETH - https://x.com/megaeth--------------------------------------------------------------------------------------Subscribe to The Block's Newsletters!🚨 Breaking News👨‍🔬 Expert Analysis📈 Market InsightsSubscribe now 👉 https://www.theblock.co/newsletters--------------------------------------------------------------------------------------Hiring in crypto?🧠 Find top talent fast with Campus, powered by The Block!✅ Challenge candidates with our Crypto Assessment Test⚡ Hire faster, build stronger teamsStart your free trial today 👉 https://theblock.co/campus