Robinhood Stock Tops $100 as Company Pushes Bold Crypto Vision in Europe
- Staff
- Jul 2
- 2 min read
Robinhood shares broke the $100 mark for the first time this week, continuing a surge that has lifted the stock more than 30% in the days since it was passed over for inclusion in the S&P 500.
The rally coincides with a major strategic shift overseas. At an event in a Belle Époque mansion on the French Riviera, Robinhood unveiled plans to bring traditional financial assets fully on-chain — including tokenized stocks, ETFs, and private equity offerings.
“This presentation and these products are dual-purpose,” said CEO Vlad Tenev. “The first purpose is obviously to deliver great products to users, but I think the second purpose is to just demonstrate very concretely how great it could be if crypto technology and traditional financial services could fully merge.”
Robinhood has already begun building its own blockchain infrastructure using Ethereum scaling technology to support 24/5 trading. The company also introduced tokenized shares of OpenAI and SpaceX — both privately held — for European users, expanding access to high-profile tech names.
“We thought we would just deliver,” Tenev said. “We don’t want to do much talking. We want to just put product in customers’ hands.”
Johann Kerbrat, general manager of Robinhood Crypto, added: “In the future, we think we can expand this to thousands of tokens that represent different types of financial instruments — from U.S. stocks and international equities to private equity. What we showed today with SpaceX and OpenAI is just a glimpse of what we’re planning — there’s much more to come.”
Robinhood also launched crypto staking in the U.S. this week, a feature previously blocked by regulators. The company reported 50% year-over-year revenue growth in the first quarter.
