Robinhood CEO Vlad Tenev Pushes For Tokenization To Unlock Private Companies Like SpaceX And OpenAI For More Investors

Robinhood CEO and co-founder Vladimir Tenev made a case for the tokenization of private stocks on Tuesday, encouraging policymakers to explore the untapped potential of blockchains in the U.S. capital markets.

What Happened: In an op-ed piece published in the Washington Post, Tenev argued that tokenizing private companies would help the general public invest in these firms early in their development, potentially before they go public with sky-high valuations.

He said that the current situation is not fair, with a small cohort of wealthy entities having access to early-stage investment in private companies.

“This would also benefit the companies themselves, enabling them to draw additional capital by tapping into a global crypto retail market that is growing increasingly more sophisticated and investment-savvy,” Tenev highlighted a win-win situation.

Some …

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