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Robinhood CEO Tenev Discusses US Tokenization Uncertainty
Robinhood CEO Vlad Tenev discusses the ongoing uncertainty regarding the long-term regulatory environment for US tokenization, despite the Securities and Exchange Commission (SEC) providing a temporary exemption for on-chain stock trading. Tenev expresses concern that the lack of clear, long-term rules could deter investors from committing substantial assets to tokenized markets. He also mentions that traditional issuers like Microsoft, Alphabet, and Goldman Sachs have objected to tokenized stock offerings, while AMC CEO Adam Aron has criticized Robinhood's tokenized stock products. Tenev projects that the tokenized equities market could grow to $349 billion by 2030 under a base-case scenario, from $4.43 billion as of September 15.