Robinhood CEO Vlad Tenev has predicted that tokenisation will reshape the financial system worldwide, describing the trend as an “unstoppable freight train.” Speaking at a conference in Singapore, Tenev said most countries are likely to adopt tokenisation frameworks within five years, with full adoption across all financial instruments potentially taking a decade.

Robinhood has already moved into the space, launching 200 tokenised U.S. stocks on Ethereum for European users earlier this year. Europe has taken the lead in developing regulatory pathways, with its Markets in Crypto-Assets (MiCA) framework providing clearer guidelines for tokenised assets.

Tenev was less optimistic about progress in the United States, warning that it would “probably be the last economy to fully tokenise.” Despite this, he stressed that the transition is inevitable and will ultimately encompass the entire financial system.