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Baxter Hines, CFA: Tokenization, Security Tokens, and the Future of Blockchain

September 1, 2025 · 27 min

Show notes

Guest host Chris Wiese, CFA, Managing Director of Education at CFA Institute, speaks with Baxter Hines, CFA, Chief Investment Officer at Honeycomb Digital Investments and author of Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain. Hines shares how blockchain is reshaping finance—from stablecoins and tokenized bonds to compliance automation and cross-border payments. He explains why tokenization can lower costs, increase efficiency, and improve transparency across markets, and how regulatory clarity in Washington is accelerating adoption. The discussion also explores:
  • Real-world use cases for tokenized securities
  • The role of blockchain in reducing settlement times and costs
  • How tokenization parallels ADRs in global investing
  • The regulatory landscape for stablecoins and digital assets
  • The investment case for Bitcoin and select cryptocurrencies
For the CFA Institute perspective on tokenization, visit rpc.cfainstitute.org and search "tokenization."

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