Robinhood's stock-token volume will hit some limits in the SEC's exemption for tokenized U.S. stocks, crypto chief Johann Kerbrat said. Robinhood is still assessing the order, which caps trading volume and restricts which assets can be tokenized. The five-year exemption allows certain U.S. venues to trade tokenized listed stocks without registering as exchanges, but Robinhood's existing Stock Tokens are not available to U.S. users. Kerbrat said the company is pursuing wider adoption and coverage of U.S. stocks and exchange-traded funds.