Robinhood CEO Vlad Tenev outlines tokenization strategy for stocks and real assets on Ethereum L2, with $600M already deposited into the Robinhood Chain ecosystem.
DeFi & Yields ·
Robinhood CEO Vlad Tenev has characterized tokenization of real-world assets as an unstoppable trend that will reshape global finance, drawing parallels to stablecoins as a model for digitizing equities and real estate. Speaking at Token2049 in October 2025, Tenev framed dollar stablecoins as the foundational example of tokenized assets and suggested that tokenized stocks will similarly become the default mechanism for accessing US equities internationally. The company announced in June 2025 at ETHcc its plans to build an Ethereum Layer 2 network and tokenize stocks on the blockchain, with tokenized equity already live in the European Union.
Regulatory hurdles remain the primary barrier to broader adoption. Tenev acknowledged that securing appropriate licensage and regulatory clarity across jurisdictions will take time, and predicted that the United States will be among the last major economies to fully embrace tokenization despite its eventual inevitability. Europe has served as the initial proving ground for both private and public equity tokenization efforts.
Assets deposited into applications on the Robinhood Chain have now surpassed $600 million, rising approximately 50 percent over a one-week period, signaling growing developer and user participation in the ecosystem. The trajectory suggests expanding deployment of tokenized instruments, though the material does not specify what asset classes or applications account for this growth.