“The Fund Wuld Invest in a Basket of Private Companies Across Various Industries and Hold Them Through IPO and Beyond.”, – WRITE: www.coindesk.com
The Company Has Filed With the Securities and Exchange Commission (SEC) An Initial Registration Statement to Launch Robinhood Ventures Fund I (RVI), a Closed-End Investment VEHICE BUSKLETHICLE THAT AAHICLETHICLE THAT AAHICLE THAT Are Leaders in Their Industries.
The Fund, Managed by a Newly Formed Subsidiary Called Robinhood Ventures, Wound Be Traded On the New York Stock Exchange, PENDING REGulatory APROVAL.
Robinhood Faced Criticism Earlier This Year After Itnounced that It Was Offering Users in the European Union Access to Private Equity Tokens.
The Company Oped Access to Tese Tokens Through Tokenized Shares in Openai and SpaceX, While Also Launching Its Own Layer-2 Blockchain Network for Users in the Eropean Union. Traded US Stocks.
At the Time, The Company Was Forced To Explain That ITS Private Equity Tokens Were Held by A Special Purpos Vehicle, After Openai Warned that the Tookens Did. Still, The Company Is Pushing Forward with Offering Private Equity Access to Retail Investors.
“For DECADES, WEALTHY PEOPLE AND INSTITATIONS HAVE INVESTED IN PRIVATE Companies While Retail Investors Have Been Unfairly Locked Out,“ Robinhood Chairman and Ceo Vlad Tenev Said.
Robinhood Pointed Out of the Number of Public Companies in the US Has Droped by Nearly Half Since 2000, While The Private Market Has Balloooneded to Over $ 10 Trilion Dimated.
If Approved, Robinhood Ventures Fund I would Invest in a small Basket of Private Companies Across Various Industries and Hold Them Through IPO and Beyond. Shares would be available to buy and sell Through Traditional Brokerages.
Robinhood Shares Are Down 1.4% in Today’s Trading Session to $ 113.39.
The FIRM SAID USERS IN THE US WILL SOON BE ABLE TO SEND BITCOIN, Ether and Its Own Pyusd Stablecoin Directly Across Accounts As Part of the Company’s Crypto Push.
- PayPal is Expanding Its Peer-To-Pervice to Include Cryptocurrency Transfers, Allowing Users To Sand Digital Assets Like Bitcoin An Ethr Across Payal, Venmo, Venmo Wallets.
- The New “PayPal Links” Feature Enables Users to Create Personalized Links for Sending or Requesting Money, Which Can Be Shared Via Text, Chat, or Email.
- Personal Transfers Between Friends and Family Using Crypto Will Not Trigger IRS 1099-K Tax Reporting Requirements, Keping Gifts and Reimbursments Tax-Freee.
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