Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’

Robinhood CEO Vlad Tenev says tokenized equities need more than a temporary SEC exemption to flourish in the US.

Robinhood CEO Vlad Tenev says uncertainty over the longevity of US tokenization rules could prevent investors from committing substantial assets to tokenized markets, despite the securities regulator opening a temporary path for onchain stock trading this year. 

Speaking during Robinhood’s third-quarter earnings call Tuesday, Tenev welcomed the SEC’s innovation exemption but said further rulemaking or legislation would be needed to provide longer-term regulatory certainty. 

“As far as the innovation exemption goes, I think it’s a really positive step... I do think more needs to be done to give people a little bit of certainty because as we talk to customers, I think the uncertainty of what happens in five years is likely to be an impediment to, like, putting serious assets onto this technology.”

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