Stock investors have been bullish on Robinhood's push into tokenization and other new product offerings.

Robinhood Markets stock spiked Monday after the trading platform unveiled a series of new crypto-focused offerings to users in the U.S. and Europe. At a ritzy seaside event in Cannes, France, Robinhood executives announced something for everyone: perpetual crypto futures and tokenized stocks and ETFs for EU users and crypto “staking” and credit-card rewards,