{
  "id": 16845307,
  "title": "Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’",
  "url": "https://urgent.news/2026/10/28/robinhoods-tenev-warns-us-tokenization-uncertainty-deters-serious",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T03:55:57.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/robinhoods-tenev-warns-us-tokenization-uncertainty-deters-serious-assets"
  },
  "original_language": "en",
  "account": "Robinhood CEO Vlad Tenev has expressed concern that regulatory uncertainty surrounding US tokenization could deter investment in tokenized markets. Despite the SEC opening a temporary path for onchain stock trading, Tenev believes that longer-term regulatory certainty is needed to encourage serious asset investments. He praised the innovation exemption but noted that additional rulemaking or legislation would be necessary. Traditional issuers have objected to the proposed OKXICE venue, and Robinhood's tokenized stock products have faced criticism. Binance Research predicts the tokenized equities market could reach $349 billion by 2030, up from $4.43 billion as of September 15. However, Tenev stated that Robinhood intends to launch private-company stock tokens overseas, subject to regulatory arrangements. The company currently offers around 200 stock tokens on Robinhood Chain, which are backed by underlying shares but structured as tokenized debt securities. These products do not qualify for the SEC's innovation exemption due to their lack of shareholder rights like dividends and voting rights. Robinhood reported a 55% year-on-year decline in cryptocurrency revenue to $120 million in the third quarter, while crypto notional trading volume dropped 38% to $50 billion. The prediction market business saw significant growth, with revenue rising sixfold to $173 million and contracts traded increasing more than sevenfold to 16.4 billion. Overall, total net revenue rose 12% to a record $1.42 billion.",
  "summary": "Robinhood CEO Vlad Tenev says tokenized equities need more than a temporary SEC exemption to flourish in the US.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}