Robinhood's CEO on the Plan to Tokenize Everything

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Vlad Tenev, the CEO and founder of Robinhood, about the evolution of retail investing, Robinhood's business strategy, and the future of tokenized equities. Tenev discusses the shift in customer behavior since the pandemic, dividing Robinhood's customer base into active traders and long-term investors. He rejects the idea of gamification, emphasizing commission-free trading and user experience as key factors in Robinhood's success. The conversation covers Robinhood's expansion into new products like Robinhood Strategies and the Robinhood Gold Card, as well as the company's long-term vision of building a global financial ecosystem, including tokenizing stocks and other assets on its own blockchain. They also discuss the regulatory landscape for crypto in the U.S. and the potential for tokenization to democratize access to private company investments.