KuCoin EU's Sabina Liu: A TradFi Veteran's Reality Check on Tokenization

About this episode

Sabina Liu discusses the realities of tokenization and its impact on liquidity and the European exchange landscape.

Tokenizing an asset doesn't automatically make it liquid. After 14 years at the London Stock Exchange, KuCoin EU's Managing Director Sabina Liu has a reality check for crypto's RWA hype cycle. Sabina joins Alexander Richardson at Paris Blockchain Week 2026 to talk through what she actually saw in digital assets that TradFi missed, where tokenization genuinely solves a problem (and where it doesn't), how MiCA has reshaped Europe's exchange landscape, and why KuCoin EU runs as a broker — not an order book — under the new regulation. We cover: - Why tokenization alone doesn't create liquidity or demand - What TradFi still does really well — and why not everything needs to be on-chain - How MiCA has reshaped the European exchange playbook - Why KuCoin EU operates as a broker, not an exchange - France's role in Europe's institutional crypto landscape - Where the real bridge between TradFi and digital assets gets built Filmed at Paris Blockchain Week 2026. Host: Alexander Richardson

People in this episode

Host: Alexander Richardson

Guest: Sabina Liu

Topics covered

• tokenization
• liquidity
• TradFi
• MiCA regulation
• crypto assets
• European exchange landscape

Keywords

• tokenization
• liquidity
• TradFi
• MiCA
• KuCoin EU
• digital assets
• Paris Blockchain Week

Mentioned in this episode

Organizations: KuCoin EU, London Stock Exchange, MiCA

Places: France

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