Raoul Pal Says Robinhood Letting Users Trade OpenAI, SpaceX Through Blockchain Is ‘Democratization Of Finance’ — End Of Public Vs Private Markets Has Begun
Posted On July 1, 2025
Macro strategist Raoul Pal commended Robinhood Markets‘ (NASDAQ:HOOD) decision to launch tokenized stock offerings on Monday, describing it as “democratization of finance.”
What happened: In an X post, Pal was reacting to a video of Robinhood CEO Vlad Tenev introducing the so-called “stock tokens,” which will allow users in Europe to gain exposure to U.S. private companies such as SpaceX and OpenAI.
“The end of public vs. private markets is beginning. Capital formation too is more efficient in crypto markets. Lending markets too,” Pal said.
The former Goldman Sachs executive deemed it as “democratization of finance” and predicted that the trend would only accelerate from here.
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