As the day wraps, here's my incomplete list of thoughts of the implications of the @RobinhoodApp To Catch a Token event:
- Most participants said event 'exceeded their expectations'
- Tokenized private companies is the clear hype winner
- $HOOD up 11% also surprised all HOOD holders I talked to.
- Event itself was extremely well executed.
- Robinhood has built a very tight integration between its product: Robinhood App, Bithumb Exchange, the Robinhood Chain, and theincoming Tokenized Stocks.
- All these things compose together nicely to create seamless 24/7/365 stock trading. Hard to understand how disruptive efficient after-hours price discovery is
- A few attendees discussed how tokenized private companies is furthering the RH brand of enabling individuals to access previously closed investment opportunities
- Arbitrum folks preparing for Robinhood Stock Tokens to become interoperable with existing Arb DeFi ecosystem, but without specifics on the mechanism of token transferability (b/c not their product)
- Robinhood leadership explicitly aspire to have Tokenized Stocks to be permissionlessly tradable, without mentioning how we get there, or when that can happen (b/c likely an SEC / market structure thing)
- Arbitrum's emphasis and cultural leanings towards DeFi gains a huge boost, as Arbitrum DeFi will be a huge benefactor of tokenized stocks.
- Ethereum ecosystem also gains this same tailwind, since the tokens can be broadly interoperable across the entire ecosystem.
- L1 DeFi apps like @aave and @MorphoLabs can access new sources of TVL
- If Robinhood had launched their tokenized stocks on Solana instead of on Ethereum or their own L2, the ETH narrative would have been struck a serious blow. Instead, the notion of every financial institution owning their own tech stack is validated.
- The concept and necessity of the Optimism Collective is now questioned. What benefits does being in the OP collective bring?
- Arbitrum gets to earn 10% of Robinhood Chain sequencer fees. That's pretty sick - especially if TradFi really enjoys the 24/7/365 trading uptime of Bithumb (the stock market is closed 81% of the time, btw)
- the thesis that blockchains can become better rails for tradfi is massively validated. Now RH just needs to execuite.
@vladtenev has repeatedly emphasized that memecoin trend has been downstream of regulatory constraints. The announcements today validate that take.
- Most participants said event 'exceeded their expectations'
- Tokenized private companies is the clear hype winner
- $HOOD up 11% also surprised all HOOD holders I talked to.
- Event itself was extremely well executed.
- Robinhood has built a very tight integration between its product: Robinhood App, Bithumb Exchange, the Robinhood Chain, and theincoming Tokenized Stocks.
- All these things compose together nicely to create seamless 24/7/365 stock trading. Hard to understand how disruptive efficient after-hours price discovery is
- A few attendees discussed how tokenized private companies is furthering the RH brand of enabling individuals to access previously closed investment opportunities
- Arbitrum folks preparing for Robinhood Stock Tokens to become interoperable with existing Arb DeFi ecosystem, but without specifics on the mechanism of token transferability (b/c not their product)
- Robinhood leadership explicitly aspire to have Tokenized Stocks to be permissionlessly tradable, without mentioning how we get there, or when that can happen (b/c likely an SEC / market structure thing)
- Arbitrum's emphasis and cultural leanings towards DeFi gains a huge boost, as Arbitrum DeFi will be a huge benefactor of tokenized stocks.
- Ethereum ecosystem also gains this same tailwind, since the tokens can be broadly interoperable across the entire ecosystem.
- L1 DeFi apps like @aave and @MorphoLabs can access new sources of TVL
- If Robinhood had launched their tokenized stocks on Solana instead of on Ethereum or their own L2, the ETH narrative would have been struck a serious blow. Instead, the notion of every financial institution owning their own tech stack is validated.
- The concept and necessity of the Optimism Collective is now questioned. What benefits does being in the OP collective bring?
- Arbitrum gets to earn 10% of Robinhood Chain sequencer fees. That's pretty sick - especially if TradFi really enjoys the 24/7/365 trading uptime of Bithumb (the stock market is closed 81% of the time, btw)
- the thesis that blockchains can become better rails for tradfi is massively validated. Now RH just needs to execuite.
@vladtenev has repeatedly emphasized that memecoin trend has been downstream of regulatory constraints. The announcements today validate that take.
@RobinhoodApp *bitstamp, not bithumb
my b
my b
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