Robinhood CEO Vlad Tenev rang the opening bell at the NYSE last Friday to celebrate the launch of Robinhood Ventures Fund I, a private market investment vehicle. This closed-end fund aims to give retail investors indirect exposure to popular private technology companies. Investors can trade their shares on the secondary market but cannot redeem the underlying assets on the platform. Trading performance on the first day of trading was under pressure, with the share price falling by approximately 11% from the offering price at one point. Tenev stated that Robinhood is continuously pushing for the opening up of the private market and asset tokenization, hoping to use blockchain technology and new financial structures to allow ordinary investors to access equity in private companies traditionally only available to institutional and accredited investors. Previously, Robinhood had tested tokenized versions of shares in private companies such as OpenAI in Europe as part of its exploration of putting private equity on the blockchain. (Fortune)