Vlad Tenev, main enforcement serviceman of Robinhood Markets Inc., during the Token2049 league successful Singapore, connected Thursday, Oct. 2, 2025.
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The tokenization of real-world assets, from stocks to existent estate, volition dispersed to fiscal markets astir the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev.
"Tokenization is similar a freight train. It can't beryllium stopped, and yet it's going to devour the full fiscal system," Tenev told a sheet astatine a crypto league successful Singapore connected Wednesday.
"I deliberation astir large markets volition person immoderate model successful the adjacent 5 years," helium said, though helium added that reaching 100% could instrumentality much than a decade.
A tokenized plus is simply a integer practice of a real-world asset, similar stocks, bonds, oregon commodities, that tin beryllium recorded and traded connected a blockchain oregon distributed ledger.
In June, Robinhood began offering much than 200 tokenized U.S. stocks to customers successful the European Union, giving them a caller mode to summation vulnerability to the underlying assets. The determination sent its banal surging to a then-record high.
"I deliberation it volition go the default mode to get vulnerability to U.S. stocks extracurricular the U.S.," Tenev said.
He expects the signifier to summation traction erstwhile determination is greater licensing and regulatory clarity successful much jurisdictions.
"I deliberation that volition come, starting successful Europe, but past expanding to the remainder of the world," helium said.
On the different hand, Tenev expects the U.S. to beryllium among the past economies to really afloat tokenize, owed to what helium calls the greater sticking powerfulness of the fiscal infrastructure.
The crypto manufacture has agelong predicted that a wide tokenization of assets connected the blockchain was coming, promising greater marketplace efficiency.
And, on with Robinhood's motorboat of tokenized stocks, there's been much signs this twelvemonth that existent implementation is coming, with organization giants Morgan Stanley and BlackRock signaling interest.
"I really deliberation cryptocurrency and accepted concern person been surviving successful 2 abstracted worlds for a while, but they're going to afloat merge," Tenev said astatine the event.
He cited stablecoins — integer currencies designed not to fluctuate wildly, and pegged to a commodity oregon a fiat currency similar the U.S. dollar — arsenic an aboriginal illustration of a tokenized real-world asset.
"I deliberation that crypto exertion has truthful galore advantages implicit the accepted mode we're doing things that successful the aboriginal there's going to beryllium nary distinction," Tenev said.
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