Robinhood said users in Europe could trade tokenized versions of popular stocks, including shares of private companies like OpenAI. Here's what to know.

The tokenized versions of U.S.-listed stocks and ETFs are first available to EU users and are issued on Arbitrum, with future plans to deploy them on the firm's own blockchain.

By the end of the decade, tokenization will be the dominant investment platform in the industry, far eclipsing ETFs,” Lifetime Achievement Award winner Ric Edelman tells InvestmentNews. “ETFs as we know them today really won't exist in five years.