IPOs will happen on Robinhood Chain in 5 to 10 years. 🤔 Love the energy, and here is how early we still are. >RH Chain holds roughly $150M in Robinhood issued stock tokens, against a ~$3.77B market. >These are Jersey issued debt securities with no shareholder rights, and US persons cannot buy them yet. Big emphasis on yet! >Stock tokens account for only around 0.35% of Morpho borrowing on the chain. There is a tonne of room to grow here. >The SEC’s 2026 Innovation Exemption is a step towards onchain secondary trading, but it does not open the door to fully onchain IPOs. That remains a major regulatory hurdle, but something that could follow next as big item. >Meanwhile, we are already seeing the primitives take shape, with projects like @umia_finance working alongside OG crypto lawyer @lex_node and pushing this forward with @MetaLeX_Labs >The important part, as SimpleFarmer points out, is that financial plumbing is starting to merge, and real advantages are finally taking shape to make this a reality. Huge potential here, and we are barely scratching the surface.