EU Regulations Choking Crypto Startups, Pushing Tokenization to US and AI, Says Brickken CEO
Edwin Mata, CEO of tokenization platform Brickken, argues that EU regulations, particularly MiCA, are stifling local startups while the US and AI-driven automation will dominate the future of tokenized finance. He projects that Wall Street will run entirely on blockchain by 2030, with terms like "Web3" fading as traditional finance integrates blockchain for settlements and payments. Mata cites examples like BlackRock's BUIDL fund and Bullish's $4.2 billion acquisition of Equiniti, aiming to put shares directly on-chain. He warns that Europe's expensive, slow compliance rules favor legacy banks and force startups to relocate to UAE or Southeast Asia. Additionally, Mata predicts AI agents will soon replace human decision-makers in asset onboarding and liquidity sourcing. France-based Ledger CTO Charles Guillemet echoed these criticisms, noting that EU rules unintentionally benefit traditional financial institutions. Meanwhile, Securitize CEO Carlos Domingo at ETHConf suggested tokenized equities could grow the RWA market from $30 billion to $5 trillion.
Key facts
- Edwin Mata says EU’s MiCA framework protects legacy banks by burdening startups.
- He predicts Wall Street will run entirely on blockchain by 2030.
- Brickken integrates AI agents to automate asset onboarding and liquidity sourcing.
- Bullish's $4.2B Equiniti acquisition targets on-chain share recordkeeping.
- Securitize CEO sees tokenized equities growing RWA market to $5 trillion.