Robinhood's 24/7 Tokenized Stock Market: Threat to NYSE?

Galaxy Digital analysts believe Robinhood's foray into 24/7 'tokenized stock' trading poses a significant threat to traditional exchanges like the NYSE. Robinhood plans to launch an Ethereum (ETH)-compatible blockchain facilitating round-the-clock trading of tokenized stocks and derivatives. This initiative could erode the NYSE's "centralized liquidity" advantage, according to Galaxy Digital CEO Vladimir Tenev. By enabling continuous on-chain trading, Robinhood bypasses the constraints of traditional market hours, potentially attracting traders seeking constant access to their investments. While the long-term impact remains to be seen, this development signifies a shift towards decentralized finance and challenges the established order of stock trading. The move towards tokenized assets also opens doors to fractional ownership and increased accessibility for investors worldwide. ```