Written by: Aniket Verma, BenzingaCeypto
Translation: Jessica, Techub News
Macroeconomic strategist Raoul Pal highly praised the tokenized stock product launched by Robinhood Markets (HOOD +16.3%) on Monday, calling it a manifestation of 'financial democratization.'
Background: Pal responded on the X platform to a promotional video released by Robinhood CEO Vlad Tenev. The platform's launch of 'stock tokens' will allow European users to invest in U.S. private companies like SpaceX and OpenAI.
'The end of public and private markets has already begun. Capital formation is also more efficient in the crypto market. The lending market is too,' Pal said.
The former Goldman Sachs executive believes this is 'financial democratization' and predicts that this trend will only accelerate from here.
Core meaning: Robinhood launched a series of new products at an event for European clients held in France. In addition to stock and ETF tokens, it introduced cryptocurrency perpetual futures for the EU region.
The company advocates for the tokenization of private stocks and urges policymakers to explore the untapped potential of blockchain technology in U.S. capital markets. Last month, it even submitted a federal framework proposal to the SEC aimed at pushing real-world assets onto the blockchain.
Many of the most disruptive tech companies in the U.S. are privately held, including Elon Musk's SpaceX and Sam Altman's OpenAI. Currently, SpaceX is valued at approximately $350 billion.
Stock performance: According to Benzinga Pro data, Robinhood's stock price rose 12.8% to $93.63 during Monday's regular trading session, and increased another 3.12% after hours. Year-to-date, the stock has surged over 150%.
As of the time of writing (June 30, 2025, 10:00 PM), HOOD's stock momentum and growth indicators have both performed outstandingly.
Image source: Shutterstock.com by dennizn