The Robinhood’s Crypto trading platform increased by 98% year -on -year to 160 million dollars in the second quarter, when the CEO of Vlad Tenev doubled plans to manage the tokenization market of assets in the real world in the US and abroad.
Total net revenues increased by 45% year on year to USD 989 million, while net income increased by 105% to USD 386 million, Robinhood he said in a declaration of earnings on Wednesday.
Despite overcoming the expectations of Wall Street, the company’s shares slightly moved in trade after hours.
Crypto volumes also increased by 32% in quarter to $ 28 billion, when cryptographic market capitalization increased by 21.7% to USD 3.36 trillion.
ROBINHOOD wants to toxhenize alternative resources that are tough to access
“We believe that tokenization is the greatest innovation that our industry has seen in the last decade,” said PO director of PO Robinhood at the end of last month implemented blocks of layer layer 2-to trade in actions in Europe.
Tenev said that the main goal of Robinhood on the American market would be to earn alternative assets that were “previously unavailable”.
“Private markets and related resources in the real world are possibilities that do not exist so far” and “we work with regulatory bodies to enable this.”
Tenev referred to everything, from private actions and Venture Capital funds after real estate, which were usually inaccessible to retail investors due to regulatory barriers and liquidity.
It appears almost two months after Robinhood took over the $ 200 million Crypto Exchange Bitstamp, which is to play a key role in the company’s toketenization strategy.
The Robinhood toketenization offer aroused legal fears
Tenev said that he saw a great interest of developers who want to raise the company’s assets to Robinhood since the presentation of the tokenization strategy in Cannes, France, at the end of last month:
“Since our event, we have had many telephones from programmers who either want to run their own companies’ shares, or to jump into the tokenization of the Real World Revolution in a different way and cooperate with us.”
Robinhood has already released Private Equity tokens in Europe, which resemble OpenAI and SpaceX actions.
However, the tokenization offers recently caused legal investigation in Lithuania, while OpenAi warned that the OpenAi Robinhood token does not resemble the actual own capital in the company.
Robinhood, more equipped with tokenization, argues CEO
Asked how the Robinhood toxate platform will surpass the public chain of blocks, Tenev pointed to 25 million American users and $ 1 trillion of asset dollars that they already have under care.
“[That] It will be very, very difficult to repeat others, “said Tenev, noting that none of the competitors of Robinhood or companies-instant companies” really has this particular opportunity “.
“There are many chains that want to build the best chain for Degen traders, but I think that the opportunity for real assets and the unique features that they have […] I don’t think anyone else would fight so directly. “
Related: Etoro is tokenize 100 of the most popular American supplies on Ethereum
While Tenev’s comments were directed to a 2S layer, Ethereum still dominates the cryptocurrency toxization market, securing real -world assets worth almost $ 7 billion, RWA.Xyz data can be seen.
The era ethereum layer 2 Zskync ranks second from $ 2.4 billion, which is almost 19% of market share.
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