Robinhood CEO: Tokenized Stocks Can Prevent Crises

Important Statements from Robinhood CEO

Robinhood's CEO Vlad Tenev stated that the halt in GameStop trading in 2021 was the result of a slow and collateral-heavy settlement infrastructure rather than malicious actors.

Tenev expressed that the transition of stock transactions from T+2 to T+1 is insufficient in an environment where trading can occur 24/7. He emphasized that transactions conducted on Fridays could lead to unexpected results.

Blockchain Technology and Tokenized Shares

Additionally, the Robinhood CEO advocates for moving shares to blockchain technology to enable real-time settlement. He believes that the company should expand its tokenized share offerings and provide DeFi-style 24/7 trading opportunities.

Tenev aims to pressure the American Congress for the passage of the CLARITY Act. This law could enable the Securities and Exchange Commission to issue regulations on tokenized shares.