Vladimir Tenev, CEO of Robinhood (Nasdaq ticker: HOOD), a US stock and cryptocurrency trading app, stated, "While Robinhood Chain is optimized for real-world assets (RWA), it also performs exceptionally well in operating projects like memecoins." This statement comes after 'Robinhood Chain memecoin' CASHCAT surged by approximately 950% in the last 24 hours. Previously, on the 3rd, he had remarked, "The future of digital assets lies in RWA. It's about bringing already verified real-world assets on-chain, not creating tokens with no real utility value like memecoins. If an asset has no utility value, it's not a productive asset. Creating hundreds of memecoins has no meaning."
