Singapore – The most important history of crypto at the moment is tokenization and it happens quickly to disrupt traditional finances, according to the CEO of Robinhood, Vlad Tenev.
Tenev told the crowd at the Token2049 conference in Singapore that tokenization is a “freight train” in the heart of traditional finance.
“Crypto and traditional finance have lived in separate worlds, but they fully merge. In the future, everything will be looking for one form or another, and the distinction will disappear,” he said.
Robinhood now offering tokenized actions in Europe as well as private actions in some of the most popular non -public startups such as Openai, the firm bets large on a future where active ingredients are negotiated 24/7, in chain and worldwide.
“In the same way that stablecoins have become the default means of obtaining digital access to dollars, tokenized actions will become the default for those outside the United States to expose themselves to American actions,” said Tenev on stage. “This is why we first launched our action tokens in Europe, it is the future of the way in which global investors will hold American assets.”
Even if many in the cryptography industry have welcomed management that the United States takes place on digital asset policy, Tenev said that the country needed to catch up with regulatory catch-up in Europe.
There is no urgency to change things – such as the creation of regulations to facilitate 24/7 trading of token actions – because the current system is already working quite well. Tenev compared it to the lack of high-speed trains in the United States, which is omnipresent in Europe and Asia.
“The biggest challenge in the United States is that the financial system works essentially. This is why we do not have high speed trains-medium speed trains bring you fairly well,” he said. “Thus, the incremental effort to go entirely to Tokenized will take more time.”
Real estate token
The next step for Robinhood is token real estate.
Tenev told the crowd that tokenizing property was “mechanically” not different from the tokenization of a private company, like SpaceX or Openai: you place the assets in a business structure, then emit tokens against it.
While Optai qualified tokenize “unauthorized” private actions and cryptographic lawyers who spoke to Coindesk declared that this decision had been qualified that this decision was rejected the controversy as part of a broader regulatory gap, arguing that the main obstacles are not technical but legal.
Europe is already going ahead, he said, while the United States will probably follow, but it has formulated real estate as the next logical step in the tokenization of Robinhood-a class of assets which could one day be exchanged as easily as a stock or a stablecoin.
“Finally, it will eat the entire financial system,” said Tenev.
