Tokenized Did Robinhood Tokenize OpenAI Stock? Ft. Itai Turbahn & Joao Reginatto
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Jul 7, 2025 Join Joao Reginatto, CSO at M0, and Itai Turbahn, CEO of Dynamic, as they dissect Robinhood's launch of stock tokens in the EU. They delve into the innovative potential of tokenized stocks on Layer 2 blockchain and the implications for capital markets. The duo also tackles liquidity fragmentation in tokenized assets and the competition between blockchain standards like Arbitrum and OP Stack. With a focus on the future of fintech and stablecoins, they highlight how startups can disrupt traditional banking, all while navigating evolving regulations.
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Robinhood's Tokenized Stock Innovation
- Robinhood launched tokenized US stocks in the EU using a proprietary Layer 2 blockchain based on Arbitrum.
- The tokens are derivative products in a closed-loop system, enabling user-friendly trading experiences with regulatory complexity.
Robinhood's Strategic Blockchain Move
- Robinhood aims to capture more value by deploying its own Layer 2 blockchain rather than using public chains.
- The stock tokens are derivatives, creating legal gray areas but opening space for innovative financial products.
Native On-Chain Tokenization Potential
- Tokenizing stock certificates natively on-chain differs significantly from derivatives-based tokenized stocks.
- Capital markets are broken; tokenization enables earlier participation by retail investors in valuable private companies.