Macro strategist Raoul Pal praised Robinhood Markets (HOOD) for their decision to launch tokenized stock offerings, viewing it as a significant step in the “democratization of finance.” In a recent post on X, Pal shared a video featuring Robinhood CEO Vlad Tenev, who announced that European users can invest in U.S. private companies like SpaceX and OpenAI through new “stock tokens.” Pal argued this marks the beginning of the convergence of public and private markets, highlighting increased capital efficiency in crypto markets. Robinhood’s event in France also introduced cryptocurrency perpetual futures for EU customers. The firm is advocating for tokenizing private stocks and has proposed a federal framework to the SEC for integrating real-world assets on-chain. Following the announcement, Robinhood shares rose 3.12% in after-hours trading, reflecting strong momentum and growth, with the stock gaining over 150% year-to-date.
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