Tenev Pushes for Tokenized Stocks in America
The Robinhood CEO published a case for US equity tokenization five days after the SEC shelved its innovation exemption for a second time. Robinhood CEO Vlad Tenev called on US policymakers to modernize securities rules so tokenized stocks can trade in America, in a long post published Tuesday that named the absence of US Stock Tokens as “one glaring gap” in the company’s tokenization push.
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Key Facts
- Fact 1: 13, after the White House warned it could complicate Digital Asset Market Clarity Act negotiations and SIFMA argued a change of that size belongs in formal rulemaking.
- Fact 2: Its Stock Tokens carry $32.2 million in value across 191 assets, or 1.34% of the $2.4 billion tokenized equity market, according to RWA.xyz.
- Fact 3: Ondo leads with $882.9 million, ahead of Kraken’s xStocks at $561.7 million and Binance’s bStocks at $532.2 million.
- Fact 4: Robinhood’s supply doubled over the past 30 days, the fastest growth among the top six issuers.
The Robinhood CEO published a case for US equity tokenization five days after the SEC shelved its innovation exemption for a second time. Robinhood CEO Vlad Tenev called on US policymakers to modernize securities rules so tokenized stocks can trade in America, in a long post published Tuesday that named the absence of US Stock Tokens as “one glaring gap” in the company’s tokenization push.
The post landed five days after the SEC pulled a scheduled discussion of its “innovation exemption,” the relief that would let blockchain venues trade tokenized equities outside existing market-structure rules. The agency shelved the exemption in May, then again on Aug. 13, after the White House warned it could complicate Digital Asset Market Clarity Act negotiations and SIFMA argued a change of that size belongs in formal rulemaking.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: The Defiant
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