The text discusses the advancements and challenges in the realm of digital securities, highlighting their potential to revolutionize the management and trading of private equity, debt, real estate, and alternative assets through increased efficiency and cost savings. Despite technological progress, gaps remain, particularly in synchronizing asset ownership and money across different financial ledgers, necessitating multiple intermediaries and causing delays. Stablecoins, such as USDC, are presented as a solution to these inefficiencies by enabling smooth, compliant, and nearly instantaneous transactions within the same blockchain ledger, thereby reducing administrative costs and counterparty risks. The text also introduces Securitize, a company modernizing capital markets with its digital securities protocol, facilitating easier ownership and trading of digital securities, and discusses its integration with regulated marketplaces.