Why I $HOOD (+1,61%) see the greatest opportunities in the fintech sector. In my view, $NU (+10,38%) can’t keep up, in my view.
With the approval of trading in tokenized stocks in the U.S., the market—which has been more of a niche until now—is gaining significant momentum. Overall, tokenized assets could reach a volume of $16 trillion by 2030, according to forecasts by market researchers at the Consulting Group.
Trading around the clock, in any denomination, and at breathtaking speeds. These dreams of many investors are already a reality—specifically when they trade tokenized stocks on the blockchain. While stablecoin tokens have already established themselves and have a total value of over $300 billion, tokenized stocks currently total only about $3 billion.
Rapid Growth
But since Robinhood began offering its customers the ability to trade tokenized stocks, trading volume and turnover have been growing rapidly. And now, trading in stock tokens has finally been approved in the U.S., which should significantly accelerate growth even further. In fact, in the week of September 14–20, approximately 208 million trades were executed on the blockchain, surpassing the 189 million trades on the New York Stock Exchange (NYSE) during the same period.
Robinhood Is a Major Player
One of the biggest winners of stock tokenization is undoubtedly Robinhood. Even before the U.S. approval of stock tokens, the U.S. brokerage was earning up to $8 million a day from token trading in over 120 countries. This could become one of Robinhood’s most important business segments and drive the stock to new record highs.
