Robinhood’s Crypto Revenue Nears $160M as CEO Highlights Potential in Tokenizing Alternative Assets

Key Points

1. Robinhood's crypto revenue rose 98% year-on-year to $160 million in Q2 2025, with total net revenue up 45% to $989 million and net income more than doubling to $386 million.

2. CEO Vladimir Tenev emphasized the company's commitment to tokenization, aiming to unlock alternative assets for retail investors, supported by the $200 million acquisition of Bitstamp.

3. Robinhood faces legal challenges in tokenization, such as the controversy over its OpenAI token, but developer interest remains strong, indicating robust demand.

4. Tenev highlighted Robinhood's competitive advantage, including its 25 million US users and custody of $1 billion in assets, along with its proprietary layer 2 solution.

5. Ethereum leads the tokenization market with nearly $7 billion in real-world assets, while Robinhood plans to expand into tokenizing venture capital funds and real estate.