Vladimir Tenev, CEO of the US stock and crypto trading app Robinhood (NASDAQ ticker: HOOD), stated that the future of cryptocurrency lies in Real World Asset (RWA) tokenization, and things similar to memecoins are not worth paying attention to. In an interview with CNBC, he emphasized, "Traditional finance (TradFi) and cryptocurrency are moving towards a phase of convergence, and the future of digital assets is in RWA. It's about bringing already verified real-world assets on-chain, not creating tokens like memecoins that lack real utility value. If an asset has no utility value, it's not a productive asset. Creating hundreds of memecoins has no meaning." Meanwhile, Robinhood recently launched its own Arbitrum (ARB)-based Layer 2 chain, Robinhood Chain mainnet, and is expanding its product lineup to include the RWA sector.
