Here's your Forbes Daily Briefing for Wednesday, August 6th. Today on Forbes, Inside Robin Hood's

Crypto-fueled plan for world domination. Crypto-financieres might seem unlikely guests at the Chateau

de la Croix de Gard, a 25-acre villa commanding the Bay of Khan from its hillside perch. Yet on a sun-drenched

June afternoon, the company Robin Hood commandeered the storied estate, famous for its star turn in

Alfred Hitchcock's to catch a thief, for what the company called to catch a token, a crypto field day

conceived by longtime Cote-de-Zer resident

Johann Kerbrot, the firm's head of crypto. The spectacle opened with a cinematic flourish,

a video of Robin Hood co-founder and CEO Vlad Tennev, driving a midnight blue 1962 Jaguar E-type

convertible along the Corniche, an homage to Carrie Grant's

entrance in Hitchcock's film. When the real faded, Tenive stepped out in real-time, decked out

in a pinstriped white Tom Ford suit, black-and-white ascot, green attachet case in hand,

to greet an invitation-only crowd of more than 300 that included Ethereum

creator Vitalik Boutarin and top brass from financial heavyweights J.P. Morgan, MasterCard,

and Stripe. The theatrics are warranted. As of late July, Robin Hood's stock is trading at

$111.11 a share, an all-time high 384% above last year's

levels, vaulting the brokerage firm's market cap to nearly $98 billion and into the ranks of

the world's 250 most valuable companies. In 2024, it generated $1.4 billion in profit on nearly $3 billion in revenue, and now holds

$255 billion in assets, expanding at a 44% net deposit growth rate over the past year.

In terms of active or funded accounts, Robin Hood, with 26 million, is rapidly gaining share on Schwab

with 37 million, and is three times larger than Morgan Stanley's e-trade and six times

larger than Merrill Lynch.

Tenev's personal fortune has jumped sixfold in a year to $6.1 billion.

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