Raoul Pal Says Robinhood Letting Users Trade OpenAI, SpaceX Through Blockchain Is 'Democratization Of Finance' — End Of Public Vs Private Markets Has Begun

Macro strategistRaoul PalcommendedRobinhood Markets‘HOODdecision 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 CEOVlad Tenevintroducing the so-called "stock tokens," which will allow users in Europe to gain exposure to U.S. private companies such asSpaceXandOpenAI."The end of public vs. private markets is beginning. Capital formation too is more efficient in crypto markets. Lending markets too," Pal said.The formerGoldman Sachsexecutive deemed it as “democratization of finance” and predicted that the trend would only accelerate from here.See Also:Why Crypto Investors Are Receiving Internal Revenue Service Warning LettersWhy It Matters: Robinhoodunveiled a suite of productsduring its event in France for its European customers. Apart from stock and ETF tokens, it introduced cryptocurrency perpetual futures for the EU region.Get StartedTrade Bitcoin, Ethereum, and More Instantly — No Wallets, No HassleSpeculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.Get StartedDisclosure: 82% of retail CFD accounts lose moneyThe firm has made a case to tokenize private stocks, encouraging policymakers to explore the untapped potential of blockchains in the U.S. capital markets. It evenproposed a federal frameworkto the SEC last month for bringing real-world assets on-chainSome of the most disruptive tech companies in the U.S. are privately held, includingElon Musk'sSpaceX andSam Altman-foundedOpenAI. SpaceX's valuation isestimatedto be around $350 billionPrice Action: Shares of Robinhood rose 3.12% in after-hours trading after closing 12.8% higher at $93.63 during Monday’s trading session, according todata from Benzinga Pro. Year-to-date, the stock has exploded more than 150%.HOOD exhibited high Momentum and Growth scores as of this writing. Looking to filter out the top performers for a crypto-specific portfolio? Go toBenzinga Edge Stock Rankings.Photo Courtesy: dennizn on Shutterstock.comLoading...Loading...Read Next:Donald Trump Says ‘Bitcoin Takes A Lot Of Pressure Off The Dollar’HOODRobinhood Markets Inc$96.5516.3%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum98.38Growth95.87QualityNot AvailableValue12.24Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyFintechGovernmentNewsRegulationsMarketsCryptoOpenAiRaoul PalSpaceXTokenized StocksVlad TenevBenzinga simplifies the market for smarter investingTrade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.Join Now: Free!Already a member?Sign inFintech Focus NewsletterYour update on what's going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!