Robinhood CEO Vlad Tenev says while settling stock trades only takes one day, it is still “far too long,” a problem tokenized stocks can likely solve.
Tokenized stocks could help prevent the trading freezes that commonly occur on traditional exchanges, such as the GameStop meme stock halt years ago that locked out traders, says Robinhood CEO Vlad Tenev.
Tenev said in an X post on Wednesday that the GameStop trading freeze in 2021 was “one of the strangest and most visible equity market failures in recent history,” caused by complicated rules stemming from the two-day stock settlement period at the time.
“What happens when you combine slow, outdated financial infrastructure with unprecedented trading volume and volatility in a small number of stocks? Massive deposit requirements, trading restrictions, and millions of unhappy customers,” he added.
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