Robinhood CEO "Tokenization will engulf traditional finance…All assets expected to go on-chain"
Summary
- Vlad Tenev, Robinhood CEO, emphasized that tokenization will fundamentally shake up traditional finance.
- Tenev forecasted the on-chainization of all assets and the full convergence of digital assets and traditional finance.
- He said tokenized stocks will become the basic means for non-U.S. investors to access the U.S. stock market.
Vlad Tenev (Vlad Tenev), CEO of Robinhood, emphasized that tokenization is a core trend that will fundamentally shake up traditional finance.
On the 2nd (local time), according to CoinDesk, Tenev said at the Token2049 conference in Singapore, "Digital assets (cryptocurrencies) and traditional finance have existed as separate worlds until now, but they will completely converge going forward. In the future, all assets will be on-chain and distinctions will disappear."
Tenev also said, "Tokenization will engulf existing finance," adding, "Just as stablecoins have become the basic means of dollar access, tokenized stocks will become the basic means for investors outside the United States to gain exposure to the U.S. stock market."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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