Sicherheits‑ vs. Utility‑Token‑Grenzen

Tokenisation has long promised to transform capital markets, yet many projects remain slow, expensive, and highly bespoke. In this episode, Moritz Stumpf, founder of Tokenforge, shares a different perspective: what if tokenisation behaved less like a complex financial engineering exercise and more like a scalable digital product? By introducing an “e-commerce mindset,” Tokenforge aims to simplify issuance, automate workflows, and provide intuitive portals for both issuers and investors.

We explore how this product-driven approach challenges the current state of the market. Instead of focusing purely on infrastructure, Tokenforge emphasises distribution, user experience, and cost efficiency — key ingredients that have driven scale in other industries. The conversation dives into where today’s tokenisation efforts fall short, how automation can coexist with regulatory requirements, and what it takes to move from isolated pilot projects to real adoption.

Finally, we turn to Tokenforge’s recent launch of the TKFG token on Base and Aerodrome, unpacking the strategic thinking behind it. Is this about incentives, ecosystem building, or a broader shift toward crypto-native growth models? The discussion highlights the opportunities — and tensions — of combining institutional ambitions with token-based strategies, offering a forward-looking view on how tokenisation might truly scale.

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