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Robinhood CEO: It's time to move past bitcoin & meme coins into real world assets
CNBC Televisionยท 2025-06-30 17:56
New Product Initiatives - Robinhood unveiled new stock and ETF tokens, crypto products, and the ability to own stock tokens and private companies like OpenAI and SpaceX [1] - Robinhood demonstrated the capability to put real-world assets on a blockchain, making them tradable like Bitcoin and Ethereum [4] - Robinhood gave away OpenAI and SpaceX private companies stock tokens to customers [5] Market Impact and Future Vision - Robinhood's shares are up 105% [1] - The company believes crypto is a fundamental technology that will underpin the entire financial services industry in a few years [3] - The company aims to make it easier to invest in American companies from outside the world [5] - The company intends to bring markets into 24/7 and fully on-chain, leveraging crypto technology on traditional assets [6] - The company suggests moving beyond Bitcoin and memecoins into real-world assets with fundamental utility [6]