Bitcoin, Blockchain & Tokenization: 3 Miles Wide & 2 Inches Deep

By Douglas Cameron Borthwick

Second Edition, Revised and Updated

The first edition of this book described a future. This edition describes a year.

Between the two printings, the United States passed its first federal stablecoin law. BlackRock's tokenized Treasury fund passed $2.5 billion and became collateral on the world's largest crypto exchange. Robinhood switched on more than 2,000 tokenized US stocks for European customers. The SEC cleared Nasdaq to trade tokenized securities. Bitcoin set an all-time high above $126,000, then spent 2026 reminding everyone that drawdowns are the entry fee.

Douglas Borthwick spent 30 years running trading desks at Morgan Stanley, Merrill Lynch and Standard Chartered, then led the world's first SEC-registered IPO of a blockchain security token at INX. This book is that career applied to one question: what actually happens when money, assets, and markets move on-chain?

Inside:

Bitcoin from the 2008 trading floor to the ETF era, including the crashes most books skip: Mt. Gox, Terra, FTXThe first SEC-registered token IPO, told from the inside by the man who ran itTokenized Treasuries, stocks, and real estate: the 2025 to 2026 wave, in numbersStablecoins and the GENIUS Act, explained by a currency traderWhat AI agents change, and an honest guide to staying safe and sizing risk

Every claim checked against a primary source. No hype, no hedging, receipts included.

• Format: Paperback
• Language: English
• ISBN: B0F3PK195Q
• ISBN13: 9798316504190
• Release Date: April 2025
• Publisher: Independently Published
• Length: 390 Pages
• Weight: 1.15 lbs.
• Dimensions: 0.8" x 6.0" x 9.0"