Robinhood CEO: Here’s when the tokenisation ‘freight train’ will shake up the $115tn stock market

Core Insights - Tokenisation of financial assets is seen as an inevitable trend that will transform the entire financial system, according to Robinhood CEO Vlad Tenev [1] - The tokenisation market is currently valued at $32 billion, while the global public stock market is valued at over $115 trillion, indicating significant growth potential [3] - Major asset managers and crypto firms are actively exploring tokenisation, with companies like BlackRock and Franklin Templeton leading the charge [4] Tokenisation Developments - In June, Robinhood launched over 200 tokenised stocks on the Arbitrum network, including private equity in companies like Tesla and OpenAI [2] - Tenev predicts that most major markets will establish frameworks for tokenised stocks within the next five years, but full global adoption may take a decade or more [2] Regulatory Landscape - The US Congress is currently discussing legislation that will determine the regulatory framework for tokenised stocks and cryptocurrencies, with the House Clarity Act already passed [5] - The European Union has established a comprehensive crypto rulebook, giving it a temporary advantage in crypto adoption over the US [6]