Vladimir Tenev

It's sort of connecting real stuff to crypto technology is illegal.

And that's why the lion's share of the market in the US is just things that aren't backed by real value on crypto technology.

i have some meme coin exposure yeah yeah i mean um uh yeah i won't i won't recommend my favorite one because anytime i do that i get a little bit of uh i i get a little bit of uh of grief from pretty much the fans of all the other coins yeah i love all of my all of my meme children equally what makes you like want to get a meme queen if i really believe in the community behind it yeah

Yeah, I mean, there's a lot of I think a lot of people are flipping about meme coins and they're like, what's the point of this?

But I think if you actually look at what's happening here, you have someone with the ability and the power to create an asset that trades 24 seven globally, get billions of dollars of liquidity.

in five minutes or less, it's a huge capital markets innovation.

I mean, compare that to what it looks like to IPO a company.

You have to spend a year and tens of millions of dollars and work with teams of lawyers.

And by the way, it's still only available in the US on a limited set of exchanges, primarily during East Coast working hours.

I think if we combine these two things, it becomes really interesting.

And that's where I think Robinhood's focus is on crypto.

It's not actually the pure crypto technology.

It's the intersection.

How can we apply crypto technology to trading and holding assets that have fundamental utility that people really care about?

It's the future of private markets, for sure.

I think from the standpoint of a normal consumer,

they're not going to be aware that their stocks are tokenized.

I mean, they'll just see that, you know, it's just a bill.

Yeah, I mean, if you look at it right now, Robinhood has a pretty good experience for trading stocks.

Of course, one of the benefits of tokenization is another GameStop cannot happen.