The Robinhood EU has taken a bold step towards the integration of traditional finance (Tradfi) and blockchain, launching a batch of tokenized private company stocks, including celebrities such as Openai and SpaceX.
Beyond the topic of the crypto industry, the development sparked debate over whether this new wave of tokenized stocks would stimulate or emit the Altcoin market.
Experts discuss the impact of stock tokens on the Altcoin market
Beincrypto has reported that Robinhood is announcing its blockchain plan, including graduating from US stocks and ETFs that have tokenized European ETFs with 24/5 trading and dividend support.
Blockchain data shows that a wallet linked to Robinhood (0xcb…f556) has already minted 2,309 Openai Stock Tokens (ARBs). The same deployment address created or tested 213 tokens on the network and notified the expansion plan.
But despite this milestone’s attention, experts remain divided on what it means for ciphers, especially when Altcoins is involved. Some people think excitement is misplaced.
Hitesh Malviya from Crypto Builder is skeptical that tokenized inventory will drive capital to Altcoins. In his view, the calendar rotation claims that stock traders have outperformed Altcoins in the past 30 months.
“Tokenized stock is not ALT’s bullish catalyst,” he said.
Based on this, builders do not expect that trend to reverse just because stocks are moving in chains.
Instead, he sees changes in volume to tokenized crypto stock and protocol control value (PCV) assets, especially outside the US.
The market is already seeing this shift, with Kamino Finance unveiling to the Solana Ecosystem a consolidation of tokenized stocks known as Xstocks.
“Through Kamino Lend Integration, users can deploy Xstocks as collateral through the new Xstocks market, allowing them to borrow against the following assets:
On the other hand, discussion extends beyond performance and into structure. Carlos Domingo, CEO of Securitize, is one of the biggest critics of Robinhood’s tokenization model.
He warns that the current “wrapper” way in which various platforms publish their own blockchain versions of the same stock will not solve the actual problem. Instead, it exacerbates fluidity fragmentation.
Domingo points out the irony of Robin Hood’s message. He quotes a comment from Robin Hood’s crypto chief, Johann Carblatt.
“This isn’t exactly what you’re doing. Do you want to create your own version of Tesla token (not a token that coincidentally represents equity)?
For some, utilities beat standardization
But others are more practical. Trader and Crypto personality S4mmy has not seen the issue. However, his outlook relies on truly qualified holders for ownership of the underlying assets and their cash flows. In other words, utilities and legal rights are more important than standardization.
This perspective has come to address investor Mike Dudas. Mike Dudas highlighted the looming complexity of the future of multi-token stocks.
In a tongue-like post, Dudas asked if users would ultimately need to choose from among the various tickers from the same company.
In addition to skepticism, Crypto Investor Beanie argues that inventory tokenization is bearish for crypto. His main argument is that capital is finite.
When high-performance, tech stocks become more accessible and on-chain exchanges become easier, they can siphon liquidity away from low-performance or hype-driven altcoins. Some of these altcoins still trade at a multi-billion dollar valuation despite offering very little real-world utilities.
Still, tokenized inventory appears to be a growth trend, regardless of whether the current format is flawed or not. Solana-based Kamino Finance has added support for tokenized stocks, allowing users to exchange crypto and stocks and use it as collateral for the lending market.
The move is located alongside Robinhood alongside Kamino, betting that retail and Defi users want to be exposed to traditional assets without leaving the blockchain.
The Robinhood stock token version may not be perfect. However, it is accelerating a new experimental phase at the intersection of stocks and debt.
Whether this ultimately lifts the code or takes attention away from it can depend on ideology, it can depend on execution, and ultimately who captures liquidity first.
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