Five years after the GameStop saga, Robinhood CEO wants tokenized stocks to trade onchain 24/7

Five years after the GameStop trading restrictions, Robinhood CEO Vlad Tenev believes traditional equity settlement is structurally fragile due to multi-day cycles that create massive collateral requirements during volatility. He argues that tokenization offers a durable solution by allowing stocks to be represented as onchain tokens, enabling near-real-time settlement, continuous trading, and self-custody.

Robinhood already offers tokenized stocks to European customers with 24/5 trading, but plans to expand this to include 24/7 trading and DeFi access, potentially using its planned Layer 2 network, Robinhood Chain. Tenev emphasized that regulatory clarity, such as through the proposed Clarity Act, is crucial for institutional adoption of tokenized securities and ensuring that trading restrictions seen in 2021 never recur.

(Source：The Block)