Coinbase Institutional Strategy Head John D'Agostino views tokenization as the next stage in the development of financial markets, similar to the shift from open outcry trading to electronic trading. He believes that blockchain technology offers a faster, cheaper, and more efficient way to record transactions of various assets such as stocks, credit, and commodities. By enabling smart contracts, tokenization can automate complex processes like regulatory reporting. D'Agostino emphasized the convenience and potential cost savings of trading various tokenized assets on a single platform like Coinbase Base, where cross-margin mechanisms can reduce collateral requirements.