PANews reported on July 22 that according to Decrypt, Robinhood CEO Vlad Tenev admitted that the company's recent move to provide tokenized stocks is controversial, but he remains steadfast in his determination to expand the program. Tenev said: "Being the first to truly tokenize these companies is a major milestone. Of course, every time you take the lead in doing something interesting, there will always be some controversy. I don't really care about the response to these controversies. The key is to put a product that is truly useful to customers in their hands, and I think (this launch) has achieved this to a large extent."

Tenev also expressed his eagerness to advance Robinhood’s tokenized stock initiatives, which he recently said could soon expand to thousands of private companies. “Now it’s just a matter of scaling it to more companies and finding the path to get to phase two and phase three integrations in decentralized finance,” he added, referring to Robinhood’s long-term plans to integrate its tokenized stock product with decentralized finance markets.