As the day wraps, here's my incomplete list of thoughts of the implications of the @RobinhoodApp To Catch a Token event: - Most participants said event 'exceeded their expectations' - Tokenized private companies is the clear hype winner - HOOD up 11% also surprised all HOOD holders I talked to. - Event itself was extremely well executed. - Robinhood has built a very tight integration between its product: Robinhood App, Bithumb Exchange, the Robinhood Chain, and theincoming Tokenized Stocks. - All these things compose together nicely to create seamless 24/7/365 stock trading. Hard to understand how disruptive efficient after-hours price discovery is - A few attendees discussed how tokenized private companies is furthering the RH brand of enabling individuals to access previously closed investment opportunities - Arbitrum folks preparing for Robinhood Stock Tokens to become interoperable with existing Arb DeFi ecosystem, but without specifics on the mechanism of token transferability (b/c not their product) - Robinhood leadership explicitly aspire to have Tokenized Stocks to be permissionlessly tradable, without mentioning how we get there, or when that can happen (b/c likely an SEC / market structure thing) - Arbitrum's emphasis and cultural leanings towards DeFi gains a huge boost, as Arbitrum DeFi will be a huge benefactor of tokenized stocks. - Ethereum ecosystem also gains this same tailwind, since the tokens can be broadly interoperable across the entire ecosystem. - L1 DeFi apps like @aave and @MorphoLabs can access new sources of TVL - If Robinhood had launched their tokenized stocks on Solana instead of on Ethereum or their own L2, the ETH narrative would have been struck a serious blow. Instead, the notion of every financial institution owning their own tech stack is validated. - The concept and necessity of the Optimism Collective is now questioned. What benefits does being in the OP collective bring? - Arbitrum gets to earn 10% of Robinhood Chain sequencer fees. That's pretty sick - especially if TradFi really enjoys the 24/7/365 trading uptime of Bithumb (the stock market is closed 81% of the time, btw) - the thesis that blockchains can become better rails for tradfi is massively validated. Now RH just needs to execuite. @vladtenev has repeatedly emphasized that memecoin trend has been downstream of regulatory constraints. The announcements today validate that take.