In today's episode of Talking Tokens, Jacquelyn sits down with Nicola White, VP of Institutional at Robinhood, to discuss how Robinhood is expanding its institutional crypto business and why tokenized assets could reshape the way traditional financial markets operate.Nicola breaks down how Robinhood's acquisition of Bitstamp plays a role in expansion, the evolution of institutional demand from crypto pilots to real-world use cases, and the growing role of stock tokens, perpetual futures, collateral and capital efficiency. They also explore how Robinhood's stock tokens work, the path toward issuer-led tokenization, and why assets ranging from equities and private markets to money market funds, credit and FX could eventually move onchain. Timestamps:00:10 Nicola White's path from TradFi to crypto03:11 Building Robinhood's institutional business04:23 How Bitstamp expanded Robinhood's global footprint05:57 Connecting retail and institutional markets07:12 What TradFi professionals need to understand about crypto08:38 What traditional finance still gets wrong09:44 Are institutions moving beyond crypto pilots?10:41 What's working for Robinhood12:34 What are stock tokens?13:51 Wrapped vs. issuer-led tokenization14:55 Are stock tokens a bridge?15:47 Robinhood's biggest tokenization opportunities16:57 What does an institutional Robinhood look like?17:48 What institutions are asking for now18:34 Why capital efficiency matters19:34 What could unlock the next phase of U.S. institutional adoptionThis episode is sponsored by Forgd, visit its Market Maker Leaderboard on Token Relations here: www.stratamedia.co/token-relations/leaderboard Today’s episode is sponsored by Anchorage Digital, America's first federally chartered digital asset bank and provider of regulated stablecoin issuance. To find out more, visit anchorage.com This episode is brought to you by GSR, crypto’s capital markets partner, learn more at https://www.gsr.io/ New episodes every week https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZhttps://podcasts.apple.com/us/podcast/talking-tokens/id1743669141Follow us Jacquelyn on X: /jacqmelinek Talking Tokens on X: /_talkingtokens Talking Tokens on Instagram: /_talkingtokens Follow Nicola White https://www.linkedin.com/in/nicola-white-b691003https://x.com/NicolaWhite444

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“What did the council decide on item 42?” — answered with the speaker and the moment.