Robinhood stock hits $100 as it roars 30% since S&P 500 snub

CEO Vlad Tenev said the goal is to merge crypto infrastructure with traditional finance by putting real ducts in customers’ hands

Robinhood executives laid out a vision to bring thousands of tokenized stocks, ETFs, and private equities fully on-chain

The milestone s a major strategic swing in Europe, where Robinhood unveiled its most ambitious crypto expansion to date — one aimed at re-engineering the financial infrastructure itself

At an event held in a Belle Époque mansion along the French Riviera, Robinhood executives laid out a vision to bring thousands of tokenized stocks, ETFs, and private equities fully on-chain. "This presentation and these ducts are dual-purpose," CEO Vlad Tenev told CNBC in Cannes. "The first purpose is obviously to der great ducts to users, but I think the second purpose is to just demonstrate very concretely how great it could be if crypto nology and traditional financial services could fully merge. "watch now3:2503:25Robinhood CEO Vlad Tenev explains 'dual purpose' behind trading platform's new crypto offeringsCrypto WorldTo that end, Robinhood has started quietly building its own blockchain, using Ethereum scaling to support 24/5 trading

It also launched tokenized s of OpenAI and SpaceX — companies not publicly listed — to European users, marking a shift in how and where retail investors can gain exposure to top names. "We thought we would just der," Tenev said. "We don't want to do much talking

We want to just put duct in customers' hands. "Robinhood Crypto general manager Johann Kerbrat echoed that sentiment, saying the company is just getting started. "In the future, we think we can expand this to thousands of tokens that represent different types of financial instruments — from U

Stocks and international equities to private equity," he said. "What we showed today with SpaceX and OpenAI is just a glimpse of what we're planning — there's much more to come. "Robinhood's revenue rose 50% year-over-year in Q1, and the company just this week launched staking in the U. — a feature that had previously been blocked by regulators

WATCH: Robinhood Crypto GM discusses digital asset staking launch for eligible U

CustomersCrypto World.