new york city comptroller brad lander joins us at 4:30 p.m. new york time.. ♪ katie: time for the daily wall street week segment. we are taking a look at blackrock day being his first tokenized fund in partnership with securitize, the first transfer agent operating of the blockchain. we have carlos domingo, securitize cofounder and ceo. and we have david westin joining us now. tokenization. david: i have talked to larry fink and he thinks the entire financial world will be tokenized. the first down payment on that. carlos, let me start with the most basic question. for whom is this a better mousetrap? why do we need it? carlos: if you think about how capital markets work you have a number of financial assets. stocks, bonds, funds. the basic functioning as you have to move them. they have to sell them, trade them, redeem them, etc. all those changes are recorded in a ledger. you have to move the security but you have to with the cash as well for settling the transaction. those are things that move in a separate ledger. blockchain is basically like a very good