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[Podcast] Episode 7: Building the Trust Layer for Tokenized Real Estate

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Jonathan Spitz
May 20, 2026
May 20, 2026
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In this episode, host Jonathan Spitz sits down with Phil Bak, founder of Skyline Standard and former ETF innovator, to unpack why tokenization may fundamentally reshape commercial real estate over the next decade.

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The conversation dives into why real estate tokenization differs from stock tokenization, how blockchain-enabled verification systems could automate due diligence from months to minutes, and why the missing “trust layer” is the key to unlocking broader institutional adoption.

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Listen to the full discussion on your preferred streaming platform:

🎧 Spotify

🎧 Apple Podcasts

🎧 YouTube

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Jonathan Spitz

Jonathan Spitz is the Head of Capital Formation at Lightstone DIRECT, where he oversees fundraising and business development activities associated with Lightstone’s real estate investment platform. With more than a decade of experience in private real estate, Jonathan specializes in helping high-net-worth individuals, RIAs, and family offices access institutional-quality multifamily and industrial opportunities. Before joining Lightstone, Jonathan spent five years at Origin Investments, where he played a key role in scaling the firm’s capital raising efforts among RIAs, family offices, and high net worth individuals.

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