The CEO of retail giant Robinhood said traditional assets tokenization will ensure control of the US stock market.
In a new interview with the Bankless YouTube channel, Robinhood CEO Vlad Tenev said Crypto Asset tokenization will boost the US stock market just as it helps Stablecoins establish control of the US dollar.
“Tokenization of securities, which we are extremely excited about, allows you to have ownership of the company…
Stablecoin is correctly viewed as a region that could increase the demand for individuals overseas, as it tends to diversify away from the government’s holdings of the Treasury.
So, I think that just as Stablecoin’s laws can drive control of the US dollar, tokenized securities can really push the control of the company in the global market. ”
TENEV points out global blockchain Tokenzing securities that foreign investors can invest in American securities with click issues rather than going through the tedious processes of traditional banking and trading platforms.
“If you’re abroad, it’s very difficult to invest in a US company. So, just as Stablecoins could make the dollar easier, we’re excited about it because tokenized securities have easy access to US companies.
I think this is good for companies that are good for people outside the US, as they have access to these effective wealth building tools.
So I think it’s exciting and it’s good for entrepreneurs and capital formation. By entering the global crypto market, it’s easier to raise capital in the US, and you’ll get more interesting companies. ”
https://www.youtube.com/watch?v=tmdm95rde6y
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