Robinhood CEO Vlad Tenev urged on Tuesday that tokenization represents the best path to modernizing the American financial system, as US investors remain excluded from tokenized stocks. The Securities and Exchange Commission (SEC) has not published its innovation exemption for tokenized equities, leaving the door shut on this market. The global tokenized stock market reached $2.4 billion in distributed value as of August 19, up 6.6% over 30 days, with 1.4 million holders and $24.3 billion in monthly transfer volume. Robinhood ranks sixth with $32.2 million across 191 assets, far behind leader Ondo at $882.9 million.
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