Robinhood’s Tenev warns US tokenization uncertainty deters ‘serious assets’
Robinhood CEO Vlad Tenev says tokenized equities need more than a temporary SEC exemption to flourish in the US.
This story was originally published by Cointelegraph.
More DeFi News
DeFi
Mystery Wall Street Journal ad sparks new fight over tokenized stocks
A full-page warning urging CEOs to opt out of tokenized stock trading drew a response from Securitize and questions over who paid for it.
DeFi
Stealth Bear Market Hits Crypto Stocks as Coinbase, Circle, Robinhood Fall 40-56%
Coinbase (COIN), Circle (CRCL), and Robinhood (HOOD) shares trade 40% to 56% below their highs. The S&P 500 sat near a record in October, a split the Kobeissi Letter calls a stealth bear market…
DeFi
33 Wall Street Giants Block Tokenized Stocks, But Apple and Tesla Stay Silent
JPMorgan and Coca-Cola are among 33 companies blocking plans to trade tokenized versions of their stocks on OKXICE, a 24-hour market backed by crypto exchange OKX and New York Stock Exchange owner…
DeFi
Ethena Pay’s 11x leverage loop promises high yield, but risks hidden losses
Borrowing costs and funded exits determine the money left for users, while the vault’s actual leverage and controls remain unverified.
DeFi
Stablecoin Payments Are Fast. But They Have a Cost Problem
Moving $200 through stablecoins can cost around 60 cents, or nearly $18. That was the spread in a Bank of Italy experiment across ten international payment routes. Buying and cashing out the tokens…
DeFi
RLUSD lands on Coinbase and Robinhood, earns Moody's rating in push for stablecoin market share
Within days, Ripple got a U.S. bank charter, a Moody’s (NYSE: MCO) rating, and deals with Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD), and BNY (NYSE: BK). RLUSD, its stablecoin, has under 1% of…