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

Benzinga

Robinhood CEO Vlad Tenev says 24/7 global markets are becoming inevitable as asset tokenization expands. Robinhood is building blockchain infrastructure for round-the-clock trading, while competitors like Kraken have already begun offering tokenized stocks.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Robinhood CEO Vlad Tenev said the traditional 9-to-5 trading model is nearing its end,

00:08predicting asset tokenization will usher in 24-7 global markets.

00:13In an ex-post, Tenev said the idea of markets closing on weekends and holidays will soon seem

00:18outdated. He compared the coming shift to 24-7 trading to the rise of mobile investing,

00:24saying constant access is inevitable. Robinhood is already using blockchain in Europe to enable

00:29round-the-clock trading and is developing a Layer 2 blockchain on Arbitrum to tokenize assets like

00:34stocks and ETFs. Rival Kraken launched 24-7 tokenized stock trading in September via the

00:40Solana blockchain. Hood shares closed 4.23% higher at $135.88 on Monday and were 0.76% lower pre-market

00:50on Tuesday. For all things money, visit Benzinga.com.

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