Robinhood (NASDAQ: HOOD) hitting the $100 mark for the first time is more than just a neat round number, it signals a renewed sense of optimism around a company that has spent much of the past couple of years under pressure.
The shares have rallied over 30% since being passed over for the S&P 500, suggesting investors are warming to Robinhood’s latest moves and future potential.
The real catalyst behind this fresh momentum appears to be Robinhood’s ambitious push in Europe, where it’s aiming to rewrite the rules of retail investing.
By launching tokenised stocks, ETFs, and private equities on its own blockchain, Robinhood is betting on a future where traditional finance and crypto technology no longer just coexist but fully integrate. This isn’t simply about offering another product, it’s a strategic attempt to remodel the financial infrastructure from the ground up.
The choice to include tokenised shares of companies like OpenAI and SpaceX, neither publicly listed, is particularly telling. It hints at a broader vision to democratise access to private tech giants, long off-limits to retail investors.
Robinhood Crypto’s general manager Johann Kerbrat suggests this is only the beginning, with plans to roll out thousands more tokens representing a wide range of financial instruments. This roadmap is ambitious, but if successful, it could fundamentally expand the reach of retail investors globally.
Meanwhile, Robinhood’s financials remain strong, with a 50% revenue jump year-on-year in Q1 and the recent launch of staking in the U.S., overcoming regulatory hurdles that had held it back.
All told, Robinhood’s current trajectory isn’t just about a rising share price, it’s a sign of a company staking its claim at the crossroads of fintech and crypto, with a clear eye on reshaping how we invest in the years ahead.
Whether this move pays off remains to be seen, but for now, Robinhood is certainly making the market sit up and take notice.