Vladimir Tenev, co-founder and CEO of Robinhood (NASDAQ:HOOD), on Wednesday affirmed that cryptocurrency infrastructure, or “crypto rails,” will serve as the foundation for stocks and other traditional assets.
What Happened: In a fireside chat, Tenev emphasized the potential of blockchain technology to revolutionize trading, citing its 24/7 availability and cost efficiencies as key advantages for integrating stocks onto decentralized platforms.
This vision comes as Robinhood, known for its commission-free trading, expands its offerings amid growing regulatory and technological changes in the U.S. financial sector.
Tenev’s comments highlight crypto’s role in bridging speculative digital assets like Bitcoin (CRYPTO: BTC) and meme coins with real-world financial products.
“There’s no reason why you should be able to invest in a meme coin freely as much as you want, but SpaceX and OpenAI are too risky,” he said, highlighting the need to apply crypto’s infrastructure to more stable, productive …
