Robinhood CEO Says Tokenization ‘Freight Train’ Will ‘Eat’ Finance

The tokenization of assets ranging from stocks to real estate is set to rewire financial services, according to Robinhood Markets Inc. Chief Executive Officer Vlad Tenev.

The push to make it easier to trade real-world assets by linking them to blockchains will expand the addressable market from low-single-digit trillions to tens of trillions of dollars, Tenev said in an interview with Bloomberg TV at the Token2049 conference in Singapore.