Robinhood CEO Vlad Tenev Says Crypto Tokenization Could Secure Dominance of US Stock Market
The chief government of retail buying and selling large Robinhood says that the tokenization of conventional property might safe the dominance of the US equities market.
In a brand new interview on the Bankless YouTube channel, Robinhood CEO Vlad Tenev says that crypto asset tokenization will enhance the US inventory market the identical manner stablecoins are serving to set up the dominance of the US greenback.
“Tokenization of securities, which we’re very enthusiastic about, means that you can have possession in corporations…
Stablecoins are seen rightly as an space that might enhance demand amongst people abroad as governments develop into liable to diversifying away from holding treasuries.
So in the identical manner that stablecoin laws can form of push ahead US greenback dominance, I feel tokenized securities can actually push ahead US firm dominance within the world market.”
Tenev notes that by tokenzing securities on world blockchains, traders outdoors the US will be capable of put money into American securities in a matter of clicks – somewhat than undergo the cumbersome technique of conventional banks and buying and selling platforms.
“It’s very tough to put money into a US firm when you’re abroad, and so in the identical manner that stablecoins made it straightforward to get {dollars}, tokenized securities will [grant] easy accessibility to US corporations, so we’re enthusiastic about that.
I feel that’s good for the businesses [and] good for folks outdoors the US as a result of they’ll have entry to those efficient wealth constructing instruments, which is one other technique to diversify if they’ve [a] lack of buying energy attributable to native currencies which might be devaluing sharply.
So I feel that’s thrilling, and I feel it’s additionally good for entrepreneurs and capital formation. In the event you make it simpler to boost capital within the US by tapping into a world crypto market, you get much more attention-grabbing corporations.”
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