Robinhood Launches Stock Tokens on July 3, CEO Says RWA Growth, Not Meme Coins, Will Drive Industry

HOOD-0.06%
RWA0.50%
MEME-0.04%
BTC1.25%
According to a CNBC interview on July 3, Robinhood CEO Vlad Tenev said cryptocurrency industry growth hinges on real-world assets (RWA) being tokenized on-chain, not meme coins. Tenev stated that assets lacking underlying utility are not productive assets. Robinhood launched Stock Tokens service on Wednesday, enabling qualified users to trade tokenized stocks 24/7, with plans to offer exposure to private companies including OpenAI. Tenev affirmed Bitcoin remains important but expects the next growth phase to come from RWA tokenization.
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