Name: Unpacking Tokenization for Everyday Investors
Uploaded: 2025-11-26T19:32:00Z
Duration: 3 min 31 s
Description: Steve Quirk, chief brokerage officer at Robinhood, breaks down the value of tokenizing stocks in different markets.

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Steve Quirk, chief brokerage officer at Robinhood, breaks down the value of tokenizing stocks in different markets.

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Unpacking Tokenization for Everyday Investors

I need you to explain something to me, because I keep hearing everyone talk about tokenization.

Sure.

Tokenization is gonna be the big thing. We're gonna tokenize stocks. But we already have stocks. Why do we need tokens for stocks? So what is tokenization?

Sure.

Why is it important? How big do you think it will become, and what's the role for Robinhood, potentially.

So we're already in, we're already tokenizing today. And we have 400 equities, US equities, that are tokenized in Europe. And those are available in 31 countries in Europe. Tokenization is basically taking, you know, having custody of the stock, but creating what I'll call almost a derivative of that stock or replica of that stock with the entitlements. So, you know, with the dividend, with the voting rights, with all the other things that come with it, and creating that on the blockchain and making it available for people. There's a huge interest around the globe in the US market. even though people like to invest in their local economies, you know, the names that get a lot of the attention are in the US. And so it's a struggle for people to get access to that.

What makes it hard? Why?

Well, if I'm a broker and I want to go, I have to go get registered in that country. I have to go through a lengthy procedure in order to be able to provide them the ability to trade in the US market. And that's a more lengthy process than just tokenizing that and having it available in 31 countries, which we did like that. To answer your question about what's the value when we already have a stock, I see less value in the US because I already have a stock, right? The value of tokenization more broadly is the ability to do that now gives us the ability to tokenize things that people really want access to: real estate and noninveststable assets, unless I'm an accredited investor today. And so what this capability gives us the ability to do is be able to deliver what before had been uninvestible assets through tokenization to customers. And those can also include early-stage startup companies that have not gone public or may not intend to go public, because that's also a very big source of frustration for people when they watch the valuation of these AI companies and space companies and other companies.

You gotta wait until someone's ready to sell you a cut. And by the time they're ready to sell you a cut, you wonder if the getting is still good.

Yeah, so I mean, that's tokenization. The third and final point is the technology behind it is so much more efficient and it's so much less expensive and it's 24/7. So I can now do this 24/7. And it's happening today. So, I mean, the world in five years with respect to tokenization is gonna be so cool. It's gonna open the doors for retail customers to be able to do things that, you know, I'm not a accredited investor and, you know, I don't have an account this size and I'm not 60 years old and et cetera, et cetera.