Overview

• At Token2049 in Singapore, Vlad Tenev called tokenization an unstoppable “freight train” that will merge crypto with traditional finance.
• Robinhood now offers more than 200 tokenized U.S. stocks to customers in the European Union and expects this to become the default route for non‑U.S. access to American equities.
• Tenev said the company plans to tokenize real estate next, describing the structure as similar to issuing tokens backed by private‑company shares.
• He forecast that most major markets will have tokenization frameworks within about five years, with the U.S. likely slower due to entrenched systems and full adoption taking longer.
• Debate over investor protections continues, with OpenAI stating tokens tied to its private shares are not its equity, as Robinhood also reports over four billion prediction‑market contracts and pursues international expansion.