Robinhood has introduced tokenized U.S. stocks, including private share tokens for companies like OpenAI and SpaceX, in collaboration with ETH-based DEX Arbitrum.
HOOD stock surged 11.25% to reach an all-time high, marking a year-to-date gain of nearly 150%.
Macro strategist Raoul Pal views this move as the 'democratization of finance,' emphasizing the elimination of barriers between public and private markets.
Robinhood's crypto revenue has spiked to $252 million in Q2, showing a 100% increase from the previous year, as the platform integrates tokenized stocks, staking, and crypto futures to redefine market structure.