Robinhood CEO Says Tokenization Will 'Unlock 24/7 Markets' And Investors Will 'Never Go Back'

Core Viewpoint - The CEO of Robinhood Markets Inc. predicts that traditional trading hours are becoming obsolete due to asset tokenization, which will enable 24/7 global markets [1][2]. Group 1: Market Structure and Future Predictions - Vlad Tenev argues that the current market structure, which includes closures on weekends and holidays, is a temporary limitation that will soon seem outdated [2]. - Tenev compares the shift towards 24/7 trading to the advent of mobile trading, suggesting that access to constant trading will soon be taken for granted [3]. Group 2: Robinhood's Initiatives - Robinhood is already utilizing blockchain technology in Europe to facilitate 24/7 trading and faster settlements, as stated by Johann Kerbrat, GM of Robinhood Crypto [3]. - The company is developing its own Layer 2 blockchain based on Arbitrum technology to support the tokenization of assets like stocks and ETFs for European customers [4]. Group 3: Industry Trends - The financial industry is increasingly moving towards tokenized, always-on trading, with Robinhood not being the only player in this space [4]. - Competitor Kraken has also launched 24/7 tokenized stock trading for global users via the Solana blockchain in the European Union, aiming to reduce friction and high fees for international investors [5].