#Robinhood against the ghost of
#gamestop Vlad Tenev bets on tokenization to eliminate the "freezes" of
#WallStreet From T+1 to real-time through Blockchain
Five years after the controversial halt to GameStop shares
#GME , Robinhood's CEO, Vlad Tenev, has launched a clear manifesto: the current financial infrastructure is obsolete, and the only way to avoid trading restrictions is to move shares to the blockchain.
The culprit is the "Settlement Time": Tenev argues that the chaos of 2021 was not due to bad faith but rather the slowness of the systems. Although the industry moved from T+2 to T+1, the CEO states that settling trades in 24 hours is still "too slow" for a world of real-time news.
Tokenization as a shield: By converting shares into tokens on a blockchain, settlement is instantaneous. This eliminates the need for brokers to deposit billions in emergency collateral with clearing houses, allowing trading to never stop due to lack of operational liquidity.
Robinhood enters the RWA race: The company has already issued nearly 2,000 tokenized versions of stocks and ETFs. Although with $17 million it is still far from leaders like xStocks or Ondo (with over $500 million), the infrastructure is already in place.
Towards a 24/7 Wall Street and DeFi: Robinhood's plan for the coming months includes unlocking 24/7 trading and providing access to DeFi (decentralized finance) features, such as lending, staking, and, crucially, the self-custody of tokenized shares by users.
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