Vlad Tenev, CEO of Robinhood, has expressed a desire to tokenize private companies such as SpaceX and OpenAI on the Robinhood platform. During discussions, he emphasized that tokenization could benefit both the companies and investors, potentially transforming Robinhood into a marketplace for tokenized equities. This initiative comes as the landscape for private funding evolves, with firms like Databricks opting for private funding over public listings, raising $10 billion for employee share sales. Tenev also highlighted the impending 'Great Wealth Transfer,' predicting that over $124 trillion will shift from older to younger generations, which could increase interest in tokenized investments. Robinhood is also expanding its services into wealth management and private banking, aiming to make banking more accessible with innovations like cash deliveries to users' doors. The discussions around tokenization and private markets reflect a growing trend where late-stage firms are finding liquidity outside traditional public markets, which have become more regulated.