Singapore – The most important story in Crypto at this time is tokenization and is rapidly interrupting traditional finances, according to Robinhood CEO, Vlad Tenev.
Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “cargo train” that approaches the heart of traditional finances.
“Crypto and traditional finance have been living in separate worlds, but they will merge completely. In the future, everything will be in the chain in some way, and the distinction will disappear,” he said.
With Robinhood now offering tokenized actions in Europe, as well as private actions in some of the new most popular non -public companies such as OpenAi, the company is betting in the future where assets trade 24/7, in the chain already worldwide.
“In the same way that Stablecoins has become the predetermined way of obtaining digital access to dollars, tokenized shares will become the default form so that people outside the United States obtain exposure to US actions,” said Tenev on stage. “That is why we first launch our shares of shares in Europe, it is the future of how global investors will keep assets.”
Although many in the cryptographic industry have praised the direction in which the United States is in digital asset policy, Tenev said the country needs to catch up with Europe.
There is no urgency to change things, such as the creation of regulations to facilitate trade 24 hours a day, 7 days a week, the commerce of tokenized actions, because the current system already works well enough. Tenev compared it to the lack of high -speed trains in the United States, something omnipresent in Europe and Asia.
“The biggest challenge in the US. It is that the financial system basically works. That is why we don’t have bullet trains: the average speed trains take you there well enough,” he said. “Therefore, the incremental effort to move to Tokenizar will completely take longer.”
Tokenizing real estate
The following for Robinhood is tokenizing real estate.
Tenev told the crowd that the tokenization property is not “mechanically” not different from the tokenization of a private company, such as Spacex or OpenAi: places the assets in the structure of a company and then emits tokens against it.
While Openai called the measure to token his “unauthorized” private actions and the cryptographic lawyers who talked to Coindesk said that the measure walked on a legal tightrope, Tenev dismissed the controversy as part of a broader regulatory delay, arguing that the main obstacles are not technical but legal.
Europe is already advancing, he said, while the United States will probably be tracked, but framed real estate as the next logical step in the impulse of Robinhood’s token, a class of assets that one day could be exchanged as easily as an action or stablecoin.
“Eventually, you will eat the entire financial system,” said Tenev.
