Robinhood's crypto revenue surged by 98% year-on-year to $160 million in Q2, with CEO Vlad Tenev emphasizing the company's commitment to asset tokenization both in the US and internationally. Overall, net revenue rose by 45% to $989 million, and net income jumped 105% to $386 million, surpassing Wall Street's expectations. Total crypto trading volumes reached $28 billion, influenced by a 21.7% growth in the crypto market cap to $3.36 trillion. Tenev highlighted that tokenization is poised to transform the industry, targeting previously inaccessible alternative assets like private shares and real estate. Robinhood's recent acquisition plays a crucial role in advancing this strategy. Despite facing some legal issues related to its tokenization offerings, including concerns regarding certain equity tokens, Tenev reported significant interest from developers keen on tokenizing their own assets. He asserted that Robinhood's existing user base and asset custody will give it an edge over public blockchains like Ethereum, which currently dominates the market for real-world asset tokenization.

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