Robinhood’s Tenev Says Crypto Will Overtake Traditional Finance

Robinhood Markets Chief Executive Officer Vlad Tenev said in a 24 June interview on CNBC that Bitcoin and other cryptoassets will “replace traditional finance,” calling the shift toward digital money “inevitable.” The remarks underscore the $70 billion trading platform’s growing emphasis on digital assets alongside its equity-trading business. Speaking again on 8 July, Tenev described tokenization—the process of putting conventional assets on blockchains—as the most significant capital-markets innovation of the past decade. He argued that creating blockchain-based versions of stocks, bonds and other instruments could ease liquidity constraints by tapping a global network of “hundreds of millions” of crypto participants. Tenev added that Robinhood’s objective is to “unlock all the benefits of crypto technology” and expand access to decentralised finance via its platform. The comments signal the company’s intent to deepen its push into digital-asset trading and blockchain services even as the broader industry continues to navigate regulatory uncertainty.