Alejandro Gutierrez of Superteam Ireland is back to take on Matt Walsh's challenge: are tokenized funds a new kind of asset, or the same fund on new rails? Off the back of BlackRock and Ondo putting model portfolios onchain, we get into the six ways people are tokenizing a share, whether a Terra moment or a regulator forces them to consolidate, and what happens to a fund's operating model when you redraw the org chart as AI agents and ask which processes become code and which stay human anchored. Plus why more than 60% of tokenized stock trading on Solana happens outside US market hours, and Alejandro's read from Solana Suits in London.Connect with Alejandro:https://www.linkedin.com/in/alejandro-gutierrez-98979b43/https://x.com/A_gutierroFollow MoneyNeverSleeps on Spotify:https://open.spotify.com/show/4F8uOLxiscYVWVGEfNxTndChapters0:00 Cold open0:25 Intro1:03 Two parallel universes1:27 New asset or same fund on new rails?2:46 Making assets machine-readable3:26 BlackRock, Ondo and onchain model portfolios4:14 Tokenized equities' stablecoin moment5:06 Six ways to tokenize a share6:49 What becomes code, what stays human8:02 Collateral and the agentic fund9:43 Composability and distribution10:45 After hours belongs to agents12:05 Solana Suits: institutions are in13:40 Breakpoint 2026 in London14:24 Wrap upSharp riffs, big ideas and real insights from smart people, all in under 15 minutes. Hosted by early-stage investor Pete Townsend with the people rebuilding money, markets, and the internet from the ground up.moneyneversleeps.iehttps://www.linkedin.com/in/petetownsendnv/https://x.com/PeteTownsendNVhttps://www.instagram.com/petetownsend353/info@norioventures.com