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Robinhood CEO Vlad Tenev says real-world assets will drive crypto’s next growth wave

AI Market Summary
Robinhood CEO Vlad Tenev framed tokenized real-world assets (stocks, futures, private assets) as crypto's next growth layer, positioning blockchain as future market infrastructure while downplaying memecoins' utility. He cited accelerating institutional engagement (e.g., BlackRock) and large projected RWA expansion, which can support near-term investor focus on RWA rails and platforms. Mentions of LINK, ONDO, ALGO, and XLM reinforce sector rotation toward tokenization narratives.
Impact level
● Medium
Affected assets
NCSKHOOD2USD/USDT-2.35%
AI Insight · NCSKHOOD2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Robinhood CEO Vlad Tenev said in a CNBC interview that real-world assets (RWAs) represent the future of crypto, pointing to the tokenization of stocks, futures and private assets as the next layer of market infrastructure. He said crypto is evolving into plumbing for financial markets rather than just a venue for digital currencies, according to CNBC. Tenev contrasted RWAs with memecoins, arguing many lack real utility, while reaffirming Bitcoin’s continued importance.
XLM
XLM-0.95%
LINK
LINK-1.85%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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