Robinhood

Robinhood CEO Vlad Tenev predicts tokenization of real-world assets (RWAs) will revolutionize global finance, impacting equities and real estate. He believes major markets will establish frameworks within five years. Robinhood already offers tokenized U.S. stocks in the EU. Tenev sees tokenization increasing liquidity and democratizing investment access. He anticipates a merger between cryptocurrency and traditional finance, driven by the advantages of blockchain technology. While Europe may lead in regulation, the trend seems unstoppable with involvement from institutions like Morgan Stanley and BlackRock.

CleanCore Solutions (ZONE) appointed Marco Margiotta as CIO and partnered with Robinhood. The company secured over 500 million Doge towards its 1 billion target. Fiscal 2024 revenue grew 29% to $2.07 million, with U.S. quarterly sales exceeding $1 million for the first time. CleanCore acquired Sanzonate Europe, gained GSA contractor approval, and landed a major contract with a global logistics provider covering over 1,000 facilities. CleanCore is pioneering a modern treasury model alongside innovation in clean technology.

AppLovin (APP) and Robinhood (HOOD) shares jumped 7% after-hours following S&P Global’s announcement of their inclusion in the S&P 500, effective September 22nd. AppLovin replaces MarketAxess (MKTX), and Robinhood replaces Caesars Entertainment (CZR). This is a significant validation, especially for Robinhood. While index inclusion typically boosts share prices, the long-term benefits for AppLovin, in the competitive mobile advertising sector, and Robinhood, requiring sustained profitability, remain to be seen.

Robinhood is expanding its global reach with stock and ETF tokens for EU investors, marking a significant entry into the European market. The company is also developing its own Layer 2 blockchain for tokenized assets. Additionally, Robinhood is launching crypto perpetual futures in the EU and crypto staking for US customers, further broadening its crypto offerings and aiming to make investing more accessible worldwide.