PANews reported on October 2 that according to CNBC, Robinhood CEO Vlad Tenev said at a crypto conference in Singapore today that the tokenization of real-world assets (RWA) is like an "unstoppable freight train" that will eventually "swallow the entire financial system."

Tenev predicts that tokenization will become the default way for investors outside the U.S. to access U.S. stocks. He expects most major markets to establish relevant regulatory frameworks within the next five years, but due to the stickiness of existing financial infrastructure, the U.S. may be one of the last economies to fully tokenize.

In June, Robinhood launched over 200 tokenized U.S. stocks for EU customers. Tenev also said he believes crypto and traditional finance will eventually “fully converge.”