Robinhood GM calls T+1 stocks an “antiquated relic,” pushes for instant settlement
Robinhood's GM criticized the T+1 stock settlement system as antiquated and advocated for instant settlement via tokenization.Summary
At the Consensus Hong Kong conference, Robinhood General Manager Johann Kerbrat stated that stablecoin yields should be passed on to consumers, provided they are fully informed of the risks, such as the lack of FDIC insurance. Shifting focus to market structure, Kerbrat strongly criticized the traditional finance system's T+1 stock settlement model as an "antiquated relic" that poses a systemic risk, advocating instead for "atomic" settlement where ownership and payment transfer simultaneously. Robinhood is aggressively pursuing this modernization through tokenization on its new Ethereum Layer 2, Robinhood Chain, aiming to enable 24/7 trading of tokenized real-world assets like stocks and ETFs, a feature expected to become viable by late 2026 when major exchanges roll out their digital platforms.
(Source：CoinDesk)