Robinhood is planning to tokenized versions of certain private company stocks (i.e. SpaceX, OpenAI). Other startups and companies (e.g. Carta) have tried to do this in the past, but nobody has really succeeded. Companies staying private longer pushes closer towards private liquid markets. It feels inevitable that we'll get private stocks with more liquid markets. Institutional and retail investors want to own SpaceX, Revolut, Stripe, among prominent private shares. But what are the other reasons why tokenized private company markets will succeed (or fail) this time around? Obviously a large opportunity for whoever gets it right.