Robinhood CEO: U.S. Regulatory Uncertainty on Tokenization May Hinder Large-Asset Inflows

TechFlow, Oct. 28 — According to Cointelegraph, Robinhood CEO Vlad Tenev said on the third-quarter earnings call that the U.S. Securities and Exchange Commission (SEC) tokenization innovation exemption is a positive development, but further rules or legislation are still needed to provide long-term regulatory certainty for tokenized equity markets, otherwise it may hinder large-asset inflows.

Tenev also said Robinhood plans to launch tokenized private company stock products overseas. In terms of business performance, Robinhood's Q3 crypto revenue fell 55% year over year to $120 million, and notional trading volume declined 38% to $50 billion; revenue from prediction market event contracts rose to $173 million, with the number of contracts traded increasing to 16.4 billion.

Source: TechFlow