The launch by Robinhood of token actions “linked” to Openai sparked a great debate last week. This has aroused a broader discussion in the crypto ecosystem concerning the future of token private actions and if private investors really want it.
In short
- Robinhood has launched tokens linked to Openai, triggering a debate on the real interest in token private actions.
- While some point to a lack of appetite for individuals and the absence of real property, others see it as long -term potential, provided that confidence and transparency improve.
- The real asset market is increasing rapidly, but tokenized private actions are still aroused uncertainties on investor engagement.
Media and reality
The announcement of Robinhood, presented as a way for European users to access strong growth technological companies such as Openai and SpaceX via token actions, was greeted with enthusiasm, until OPENAI clarifies that it had no official involvement. The tokens, in reality, do not represent real actions, but rather a derivative according to the estimated evaluation of Openai.
This distinction may seem thin, but it illustrates the central tension in the tokenization of real assets: transparency and real property.
According to the Rwa.xyz analysis platform, the real asset market approaches a capitalization of $ 25 billion, including 14.5 billion in private credit. However, token private actions remain a small part of this market.
Is there a request from individuals for token actions?
Opinions diverge as to the existence of a real appetite for tokenized access to private companies.
Gabe Otte, CEO of Dinari, is skeptical. His company, which offers token public actions, explored private markets, but demand has proven to be low.
Most pre-time companies hesitate to reserve part of their capital for token buyers.
The CEO of Plume Network, Chris Yin, is of the same opinion.
If you look at the numbers, the request is simply not there.
But not everyone is as pessimistic. Mirza Uddin of Injective thinks that tokenized shares could open the venture capital type investment to ordinary users.
These are not new markets, but to make the ancients more accessible.
Regulators show their interest
The president of the dry, Paul Atkins, expressed cautious optimism. Without commenting directly Robinhood, he told CNBC that demand for private tokenized products is real and growing.
Other players in the sector agree. Kevin Rusher, from the Rwa Raac startup, said the market is evolving quickly and expects the tokenization of private actions to follow the same trajectory as private credit.
The verdict
A large part of the interest in the Robinhood tokens Openai can be attributed to the notoriety of the name. Tokenization alone does not create a request for investors. What matters is the quality of the assets, the transparency of the offer and the confidence granted to the platform.
In this sense, Robinhood's approach can be more useful as a marketing experience than a financial breakthrough. But it nevertheless feeds an increasing trend in Rwa.
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