The chief executive of the retail trading giant Robinhood says that tokenization of traditional assets can secure the dominance of the US stock market.
In a new interview with the Bankless YouTube channel, Robinhood CEO VLAD TENEV said Crypto Asset Tokenization will improve the US stock market in the same way that Stablecoins will help to establish the dominance of the US dollar.
“Tokenization of securities, which we are very excited, can have ownership in the company.
Stablecoins is considered correctly as an area where the government does not have to own the Treasury, which can increase the demand of foreign individuals.
As a result, I think that tokenized securities can actually develop US dominance in the global market, just as the STABLECOIN law can pursue US dollar dominance. ”
Tenev has pointed out securities on global blockchains that investors other than the United States will be able to invest in US securities due to clicks without a cumbersome process of traditional banks and trading platforms.
“If you are abroad, investing in a US company is very difficult, so stablecoins can easily get the dollar, so tokenized securities will be able to easily access US companies.
I think it is good for people other than the United States because it can access an effective asset construction tool. This is another way to diversify if there is a loss of purchasing power due to a local currency that is rapidly devalued.
So I think it’s exciting and I think it’s good for entrepreneurs and capital formation. If you use it in the global cryptographic market to make capital financing in the United States, you can get a much more interesting company. ”
https://www.youtube.com/watch?v=tmdm95rde6y
Follow us in X, Facebook and Telegram
Don’t miss the beat -Subscribe to the email notifications directly delivered to the received letter box.
Check the price measures
Sur surfing the HODL mix every day
& nbsp
Exemptions: The opinions expressed in Daily HODL are not investment advice. Investors must do live action before making high -risk investments in bitcoin, cryptocurrency or digital assets. Transfer and transactions are at their danger, and the loss that can occur is your responsibility. Daily HODL is not recommended to purchase or sell cryptocurrency or digital assets, and Daily HODL is not an investment advisor. Daily HODL participates in affiliate marketing.
Created image: Midjourney