Source: Cointelegraph
Original: “Robinhood Executive: Tokenization Makes Investing More Accessible”

Tokenization may open new opportunities for retail investors, allowing them to access traditionally restricted asset classes. According to Johann Kerbrat, Senior Vice President and General Manager of Robinhood Crypto, tokenization is "very important for financial inclusion."

At the 2025 Toronto Consensus conference, Kerbrat pointed out that some physical assets, such as real estate and private equity, are currently only available to 10% of the U.S. population. "Right now, you need to be an accredited investor to invest in private equity," he said.

"How many people can afford a house or an apartment in New York?" he elaborated. "But through tokenization, you can own a small portion of that asset, enabling fractional investment. Therefore, we believe this makes trading easier and more accessible for everyone."

In recent months, Robinhood has been one of the few investment firms or brokerages exploring the tokenization of real-world assets (RWA). Other companies include BlackRock, Franklin Templeton, Apollo, and VanEck.

Tokenization of physical assets is often touted as a means to enhance financial accessibility, with most tokenized funds currently focused on private credit and the U.S. Treasury market. According to data from RWA.xyz on May 16, the total market capitalization of on-chain physical assets is $22.5 billion, with only 101,457 asset holders. On average, each holder possesses $221,867 in on-chain assets.

Kerbrat also discussed stablecoins, which have become a key use case for cryptocurrencies in this cycle. "You will see 100 types of stablecoins," he predicted.

Kerbrat expects more "market-specific specialized" stablecoins to emerge in the future. According to DefiLlama, dollar-pegged stablecoins dominate the stablecoin space. The two largest stablecoins, Tether's USDT and Circle's USDC, have a total market capitalization of $211.8 billion, accounting for 87.1% of the total stablecoin market cap of $243.3 billion.

"If you are trying to move funds from the U.S. to Singapore, you might use a specific stablecoin," he said. "This shift will move from simple stablecoins to platforms that manage all these stablecoins."

Dea Markova, Policy Director at Fireblocks, recently told Cointelegraph that demand for non-dollar-pegged stablecoins is growing. In April, the Italian Finance Minister warned that dollar-pegged stablecoins pose a greater risk than U.S. President Donald Trump's tariffs.

Related: Fireblocks Survey: 90% of Institutions "Take Action" on Stablecoins

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