Robinhood has announced a three-phase tokenization strategy aimed at transforming traditional finance into a permissionless ecosystem. The first phase will see the introduction of tokenized stocks in Europe, covering nearly 800 publicly traded securities, with plans to extend to private equity. The second phase focuses on enabling 24/7 trading through Robinhood's acquisition of Bitstamp. The final phase will integrate tokenized stocks as permissionless assets within decentralized applications. A.J. Warner from Offchain Labs, the developer of Arbitrum for Robinhood, noted the technical challenges of merging legacy systems with Ethereum-compatible smart contracts.