According to Decrypt, PANews reported on July 22 that Robinhood CEO Vlad Tenev acknowledged that the company's recent efforts to provide tokenized stocks have been quite controversial, but he remains steadfast in his determination to expand this plan. Tenev stated: "Being among the first to truly tokenize these companies is a major milestone, and of course, whenever you are the first to do something interesting, there will always be some controversy. I actually don't care about the backlash; the key is to deliver a product that is truly useful to customers, and I believe this has largely achieved that."
Tenev also said that he is eager to advance Robinhood's tokenized stock plan, recently stating that the plan could soon expand to thousands of private companies. He added: "Now it's about extending it to more companies and finding a path to integrate the second and third stages of decentralized finance," referring to Robinhood's long-term plan to integrate its tokenized stock product with decentralized financial markets.
