Viewpoint: If Robinhood succeeds, it will eliminate 90% of financial intermediaries.

Odaily News Even Herd CEO Sam Jurrens stated on the X platform that if Robinhood successfully launches tokenized stocks, it would effectively eliminate 90% of financial intermediaries, especially since Robinhood's proposal to "tokenize everything for free" accelerates this process. However, Bloomberg senior ETF analyst Eric Balchunas questioned Robinhood's promotional claims, arguing that despite Robinhood's stock price rising 338% over the past 12 months, if investments are already freely available through ETFs (investment vehicles in regulated large-scale instruments), there is actually no need to switch to Robinhood (24-hour trading or instant settlement is not an advantage, as 99.9% of investors do not care about these).