Robinhood Markets Inc. (NASDAQ:HOOD) CEO Vlad Tenev expressed a positive outlook towards the future of equity tokenization in the U.S. on Wednesday, despite the potential regulatory hurdles that may arise.
What Happened: During the company’s second-quarter earnings call, Tenev said that the “real opportunity” in the U.S. lies in tokenizing assets that were previously inaccessible, such as private markets and related real-world assets.
“We’re working with regulators to make that possible,” he stated. “We need to look at accreditation laws. “We also are on a good path with securities tokenization, but that has to continue, and we think we can unlock that opportunity.”
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Tenev viewed that as more infrastructure moves from centralized legacy counterparties to blockchain, the cost of operating the business would …