Bernstein: Improvement in the Regulatory Environment Will Drive the Arrival of the 'Equity Tokenization Wave'

BlockBeats News, July 7th. Despite facing opposition from OpenAI, Robinhood still launched its tokenized stock product in a high-profile event at last week's Cannes. The controversial OpenAI private equity token was classified as a derivative. Bernstein analysts pointed out that the company is betting on SEC policy support and the passage of the "CLARITY Act" to open up the tokenized asset market.

Bernstein analysts believe that despite the attention brought by the Robinhood-OpenAI dispute, an improvement in the regulatory environment will drive the arrival of the "equity tokenization wave." While privately held companies like OpenAI and SpaceX already have liquidity in the private market, there is still strong demand to tokenize illiquid private assets. "Robinhood has successfully attracted market attention to the concept of tokenization through this launch. The company will continue to optimize its products, aiming to establish a stock trading platform for both public and private companies globally and in the U.S. market (once regulatory approval is obtained).