SINGAPORE — Tokenization represents the most significant development in cryptocurrency today and is rapidly approaching to disrupt traditional finance, according to Robinhood CEO Vlad Tenev.
Speaking at the Token2049 conference in Singapore, Tenev described tokenization as a “freight train” heading toward the core of traditional finance. He predicted that crypto and traditional finance will fully merge, with everything eventually existing on-chain in some form, eliminating current distinctions between the two sectors.
Robinhood is positioning itself for this future by offering tokenized stocks in Europe and private shares in high-profile startups like OpenAI. The company envisions a world where assets trade continuously, on-chain, and globally. Tenev explained that tokenized stocks will become the standard method for international investors to access American equities, similar to how stablecoins have become the primary way to obtain digital dollar exposure.
Despite praise for U.S. digital asset policy direction, Tenev argued that America needs to catch up with Europe on regulatory frameworks. He attributed the slower U.S. adoption to the existing financial system’s adequate functionality, comparing it to America’s lack of high-speed rail systems that are common in Europe and Asia. The incremental effort required to transition to full tokenization will simply take longer in the U.S., he said.
Robinhood’s next target is real estate tokenization. Tenev told attendees that tokenizing property involves the same mechanics as tokenizing private companies like SpaceX or OpenAI by placing assets into corporate structures and issuing tokens against them.
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