Robinhood CEO Vlad Tenev said that the next phase of development in the crypto industry will focus on real world asset (RWA) tokenization rather than meme coins. He believes that assets lacking underlying utility are not productive assets, and creating a large number of meme coins has limited significance. Robinhood has recently launched a tokenized stock service that supports eligible users to trade tokenized stocks 24/7, and it plans to use them in DeFi lending pools in the future as trading collateral, while also exploring how to provide users with exposure to assets related to unlisted companies (such as OpenAI). Tenev also said that Bitcoin will continue to hold an important position, but traditional finance and the crypto market are accelerating their integration, and more financial assets will be tokenized on-chain in the future. (TheBlcok)