Robinhood CEO Vlad Tenev has highlighted the potential of tokenized stocks to enable real-time settlement, which could prevent trading freezes similar to the 2021 GameStop incident. Currently, U.S. stock settlements have been reduced to T+1, but transactions can still take 3-4 days to settle over weekends or long holidays. Tenev argues that tokenization could mitigate systemic risks and alleviate pressure on clearinghouses and brokers. He believes the adoption of tokenization in the U.S. is inevitable and calls for the CLARITY Act to establish clear guidelines.
Robinhood CEO Advocates for Tokenized Stocks to Enable Real-Time Settlement
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