Macro strategist Raoul Pal commended Robinhood Markets‘ (NASDAQ:HOOD) decision to launch tokenized stock offerings on Monday, describing it as “democratization of finance.”
What happened: In an X post, Pal was reacting to a video of Robinhood CEO Vlad Tenev introducing the so-called "stock tokens," which will allow users in Europe to gain exposure to U.S. private companies such as SpaceX and OpenAI.
