The next great battle in finance may not be over stocks, crypto, or even payments. It may be over where the $90 trillion great wealth transfer actually lands. In this episode, Robinhood founder and CEO Vlad Tenev returns to Bankless for a fast-moving conversation on how Robinhood wants to position itself for that generational handoff, why he believes 24/7 markets and tokenization are inevitable, and why the popular narrative around Gen Z as financially reckless misses what he’s seeing on-platform.
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TIMESTAMPS
0:00 The $70–90T Wealth Transfer and Robinhood's Strategy
4:01 Finance in 2040: 24/7 Markets Everywhere
6:06 Tokenized Stocks, Robinhood Chain, and the U.S. Rollout Question
11:22 Robinhood's Full-Stack DeFi Vision
14:31 Prediction Markets as “Truth Machines”
17:06 Robinhood Social, Sherwood Media, and the Content Layer
21:44 Why “Entertainment Finance” Might Be Overstated
25:03 Gen Z Is More Retirement-Savvy Than You Think
30:54 Trump Accounts and Investing From Birth
36:21 The Financial Super App Race
39:30 Why Robinhood Is Not Prioritizing Peer-to-Peer Payments
42:22 Stablecoins, Bank Charters, and Consumer Reality
49:30 The Clarity Act, Stablecoin Yield, and Tokenized Assets
55:16 Perps Could Come Onshore Fast
57:12 Retail Access to Private Markets
1:00:52 Robinhood's Third Act: Social, AI, and Agentic Finance
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RESOURCES
Vlad Tenev
https://x.com/vladtenev
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
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