PANews July 3 news, according to The Block, Robinhood CEO Vlad Tenev said in an interview with CNBC that the key to crypto industry growth lies in bringing real-world assets on-chain, not meme coins. Tenev said, “If an asset isn’t tied to underlying utility, it’s not a productive asset,” and believes traditional finance and crypto are merging, “Everything running on traditional rails will eventually go on-chain, be tokenized; it’s like an unstoppable freight train.”
Robinhood launched its Stock Tokens service on Wednesday, allowing eligible users to trade tokenized stocks 24/7, and plans to offer exposure to private companies like OpenAI. Tenev said Bitcoin won’t become irrelevant, but the next phase of industry growth will come from the tokenization of real-world assets.
