Robinhood CEO Tenev Calls “Tokenization Supercycle” Early Stage as Tokenized Equity Trading Surges

Robinhood CEO Vlad Tenev notes that markets globally are now entering the early stages of what will become a tokenization supercycle. According to The Kobeissi Letter, on-chain tokenized equity trading amounted to $9 billion in 2026, growing by over 207% quarter-over-quarter and 800% year-to-date. “Tokenization does not mean listing securities