Robinhood CEO says tokenized stocks could prevent another GameStop freeze

Five years after Robinhood (HOOD) stunned users by halting buys on GameStop (GME) and other meme stocks, CEO Vlad Tenev says blockchain-based shares could help make sure it never happens again. In a post on X marking the anniversary of the January 2021 trading freeze, Tenev blamed the chaos not on bad actors, but on bad infrastructure. “What happens when you combine slow, outdated financial infrastructure with unprecedented trading volume and volatility in a small number of stocks,” he wrote. “Massive dep ...