Asset Code is the next shipping train to the markets: CEO of Robinhood

The asset symbol in the real world, from stocks to real estate, will spread to financial markets all over the world, according to what you mentioned RobinHood Markets CEO Vlad Tinif.

“The distinctive symbol is similar to the shipping train. It cannot be stopped, and in the end it will eat the entire financial system,” Tinif said at the Chefir Conference in Singapore.

“I think most of the major markets will have some framework in the next five years,” he said, although he added that reaching 100 % may take more than a decade.

The distinctive principle is a numerical representation of real origin, such as stocks, bonds or goods, which can be recorded and traded on Blockchain or the distributor professor’s book.

In June, Robinhood began to provide more than 200 distinct American stocks to the European Union, giving them a new way to exposure to basic assets. This step sent her shares to a Then a high record.

“I think it will become the virtual way of exposure to the United States outside the United States,” Tinif said.

The practice is expected to gain traction as soon as there is a greater license and organizational clarity in more judicial states.

“I think this will come, starting from Europe, but then expands to the rest of the world,” he said.

On the other hand, TENEV expects the United States to be among the recent economies to be fully distinguished, given what it calls the increasing power of financial infrastructure.

The encryption industry has long predicted that a large symbol of assets on Blockchain was coming, which promised more market efficiency.

In addition to the release of Robinhood for the distinctive shares, there were more brands this year that real implementation would come, with institutional giants Morgan Stanley and Blackrock Reference interest.

“I actually think that the cryptocurrency and traditional financing were living in two separate worlds for a period of time, but they will fully integrate,” Tinif said at this event.

Stablecoins-digital currencies designed with violent volatility, tied it to a commodity or coin such as the US dollar-early as an origin in the real world.

“I think the encryption technique has many advantages on the traditional way we do in the future, there will be no discrimination,” Tinif said.