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Episode Link ► • Robinhood CEO's Shocking Prediction On Sto...
Episode Title ►Robinhood CEO's Shocking Prediction On Stocks, The AI Bubble, & Gambling Controversy | Vlad Tenev
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What Vladimir Tenev said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Vladimir Tenev discussed Robinhood Chain, a crypto chain launched a few weeks prior that has become top five in DEX volume. He highlighted its stock tokens, tokenized representations of stocks available in 120-plus countries outside the US, enabling onchain transfers, swapping, collateralization, and lending. He noted the tax treatment varies by country and that USDG, a stablecoin partnered with Paxos, is core to the chain. Tenev said the US will likely be a late adopter of tokenization due to existing infrastructure. He attributed other brokerages' struggles to being large and slow, advocating for a 'talent reset' and focusing on one area to inject elite talent. He emphasized Robinhood's faster shipping and younger customer base benefiting from a wealth transfer over the next couple of decades.
Key takeaways
Robinhood Chain is top five in DEX volume since launch a couple of weeks ago, with growing total value locked.
Stock tokens on Robinhood Chain are available in 120-plus countries and allow onchain transfers, swaps, and lending.
Robinhood is capturing a younger customer base benefiting from a wealth transfer over the next couple of decades.
0:00Is there some sort of product or service or like something else?
1:56When you say swapping, does that mean that let's just say I have $500,000 worth of gains in a stock, that I could swap that stock for another, keeping my cost basis without realizing a gain?
5:41What do you think the other brokerages fail to understand about investing in 2026?
6:19So, if you were a paid consultant to the other brokerages, what would you tell them?
Is there any financial product that's not really being discussed, though? Because as someone who's so on the pulse with customer demand and just broad investing data, there has to be whispers of some sort of investment style. Like no one thought five, maybe 10 years ago that we would have AI investing agents, right? But someone may have, and I feel like you would probably be the person of all to ask, like what could the future of finance look like? Something we may not even be talking about right now in 5 to 10 years. Is there some sort of product or service or like something else?
Yeah, I mean Robinhood Chain I think is a good example of what the future could be if we could rebuild the infrastructure from the ground up. I don't know if you guys are familiar with Robinhood Chain. It's basically the hottest chain in crypto right now. We rolled it out a couple of weeks ago, and it's been top five in DEX volume. The TVL, total value locked, has been growing tremendously. One of the benefits is it has stock tokens, which are tokenized representations of stocks that are available for customers outside the US for now. But you know, they're still available in 120-plus countries around the world. If you're on Robinhood Chain and you have stock tokens like Tesla, Nvidia, or others, you actually can do everything with them that you could do with another onchain crypto. So, you can send them to people onchain just like you would send Bitcoin or Ethereum. You can swap them in pools. Uniswap has some very, very active pools on Robinhood Chain. You can do collateralization, lending, and borrowing. So, you get a picture of what it could look like if we kind of replaced it all with software.
When you say swapping, does that mean that let's just say I have $500,000 worth of gains in a stock, that I could swap that stock for another, keeping my cost basis without realizing a gain?
The tax situation depends on where you are, right? Every one of these 120 countries has slightly different tax treatments. So, I can't really speak generally to that. But yeah, all you have to do is create a pool. If someone creates a pool exchanging a stock token with a crypto, yeah, you can just swap them directly. So, we started out using stablecoins. USDG, which is the stablecoin that we partnered with Paxos and a few others to launch, that's like the core stablecoin of the chain. But then all the developers have created all kinds of unique pools that we didn't even think would exist, and all kinds of protocols where, for example, if you hold a memecoin, you just get stock tokens airdropped to you, right? So they've connected memecoins, core cryptos, and the stock tokens and composed them into unique products that we wouldn't have anticipated creating, we probably wouldn't have thought of to make ourselves. So, Robinhood Chain is this combination of developer platform with financial primitives like high yield and stock tokens that we're going to add to, and I think the combination of those two is going to lead to a lot of interesting things. Not to mention, it was built for AI agents, too. So, a lot of people have been rolling out APIs, command line interfaces.
I'm just imagining if you tried explaining this to Warren Buffett, like what he would say, like if this is even something he would understand and say, "No, this is just—"
I mean, I think to most consumers who aren't developers, the value prop is really if you're in 120 countries all over anywhere in the world, if you have a smartphone, internet connection, you can trade tokenized representations of these stocks 24/7 at relatively low cost and great user experience.
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Tenev, V. (2026, August 31). The Stock Market Is About to Change FOREVER | Vlad Tenev [Interview transcript]. The Iced Coffee Hour Clips. CEOInterviews.AI. https://ceointerviews.ai/interview/1290624/
MLA
Vladimir Tenev. "The Stock Market Is About to Change FOREVER | Vlad Tenev." The Iced Coffee Hour Clips, 31 Aug. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1290624/.
BibTeX
@misc{tenev2026_1290624,
author = {Vladimir Tenev},
title = {The Stock Market Is About to Change FOREVER | Vlad Tenev},
howpublished = {Interview transcript, The Iced Coffee Hour Clips. CEOInterviews.AI},
year = {2026},
month = {aug},
url = {https://ceointerviews.ai/interview/1290624/},
note = {Speaker-attributed transcript with timestamps}
}
