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Robinhood CEO: The lending on-chain market for tokenized securities has great prospects.

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On November 24, Robinhood CEO Vlad Tenev stated in the a16z podcast that the securities lending market is a huge source of revenue for brokers and counterparties, but its operation is extremely opaque and inefficient. A large number of trades are still matched through chat tools in Bloomberg terminals, peer-to-peer. If these assets were tokenized, it could form a liquidity pool, and the entire process would become extremely simple. Imagine a protocol like Aave could directly lend or borrow stocks, which would be much more efficient and user-friendly for end users compared to the cumbersome system that has evolved over decades.

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