Robinhood stock nears record high as tokenization strategy gains traction

Robinhood’s playing the crypto game and winning big—stock’s up 137% this year, flirting with all-time highs. Tokenization’s the new vibe, and HOOD’s all in, despite the regulatory side-eye.

HOOD hit $94.65, just 4% shy of its peak. That’s a 27% jump in a month, folks. Market cap? A cool $82B. Not bad for a platform that started with free stock trades.

What’s fueling the fire? A slick move into tokenized stocks in Europe and whispers of a Real World Asset Exchange in the US. Robinhood’s not just trading stocks; it’s reinventing them on the blockchain.

But it’s not all smooth sailing. Lithuania’s central bank’s poking around HOOD’s tokenized private equity offers—think SpaceX and OpenAI. CEO Vlad Tenev’s like, 'Chill, it’s just exposure, not actual equity.' Galaxy Research calls it 'derivatives with extra steps.'

Tenev’s doubling down, though. Private companies are lining up for their own tokens. The future? Maybe every startup’s equity trades like crypto. Wild times.