“The tokenized Versions of US-Listed Stocks and Etfs Will First Be Available to eu USers and Issued on Arbitrum, with Future Plans to DEPLOY THEM ON ROBINHOOD’S OWN BLOCKCHAIN.”, – WRITE: www.coindesk.com
and launching tokenized stocks Trading, The Company AnnunCed on Monday.
The FIRM TODAY DEBUTEDED ITS STOKEN OFFERING, Issued on the Ethereum Layer-2 Arbitrum, for European USERS, Giving Access to Over 200 US Equities and Etfs W WWEK. With The Launch, Robinhood is Expanding Itpto-Focused Eu App with Tokenized Stocks Into An “All-in-One Investment App Powed BY Crypto,” The Company in A.
The FIRM ALSO CONFIRMED IS BUILDING ITS OWN LAYER-2 BLOCKCHAIN Network Optimized for Tokenized Assets. The Upcoming Chain, Based On the Arbitrum Tech Stack, Is Aimed To Support 24/7 Trading, Self-Custody and Cross-Chain Bridging of Tokenized Assets. A release date have not be disclosed, but persons familiar with the matter said it could go live around later this year, Early Next year.
The Company Announced It’s Opening Access to Private Equity Tokens, Starting with Tokenized Shares in Openai and SpaceX.
“We Will Continue to Work with Regulators and Bring the Entire Robinhood EcoSystem on-Chain,” Chairman and Ceo Vlad Tenev, Said During the Launch Event in Cannes, France.
Hood Shares, Traded On Nasdaq, Rallied to A Fresh Record High of $ 91, Advance Over 8% Dringing The Monday SESSION.
Robinhood’s Push Into Tokenized Assets Competition With Digital Asset Exchanges is Heating Up to Offer A Unified Trading Hub for All Kinds of Financial Instruments. Asset tokenization is a read-hot-something that aims to bring real-World Assets including equities, Funds, Real Estate Onto BlockCain Rails Promising Cheaper, Faster And More Effic Trading. IT’s Potentilly a Huge Opportunity: The Tokenized Asset Market Could Grow to $ 18.9 Trillion by 2033, A Report by Ripple and BCG Projected.
A Slew of Popular Crypto Exchanges, Including Bybit, Kraken and Gemini Have Just Recently Started to Offer Tokonized Stocks To Users, While Coinbase Reported Also Sekes.
Robinhood’s Tenev Earlier this year totaled asset tokenization as a Way to Expand Investor Access That Assets That Limited To The Wealth, And Advocated For Clear US Regulfations To.
While rivals have Teamed Up with Regulated Asset Tokenization Specialists to Offer Stock Tokens, Robinhood Is Building Its Own Tokenz Coindesk in an interview.
Perps in Eu, Crypto Staking in UsAs part of the Firm’s Crypt Push, Robinhood is Rolling Out Perpetual Futures, A Popular Deriveative Instrument Among Crypto Trades, for European Users. Trades Are Routed Through Bitstamp, One of the World’s Longest-Running Active Crypto Exchange Which Robinhood Acquired for $ 200 Million.
The FIRM HAS ALSO INTRUDUCED CRYPTO STAKING FOR US-BASED INVESTORS STARTING COMPLETE ETHEREUM’S ETHER
and Solana’s Sol
That lets token Holders Earn Rewards with Leaving the Application.
Additionally, Robinhood Will Add Crypto Rewards to Its Credit Card Offering Later This Fall, ALLOWING US CUSTOMERS TO INVEST CASHBACK AUTOMATICALLY IN DIGITAL INSESETS.
Read More: Robinhood Launches Micro Bitcoin, Solana and Xrp Futures Contracs
Update (June 30, 15:45 UTC): Adds Robinhood Introducing Private Equity Tokens of Openai, SpaceX. Adds Hood Price Action.
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