Mentioned:
Robinhood is betting big on tokenized stocks. And they are bringing them to Europe first.
What’s happening:
- Robinhood (NASDAQ: HOOD) has officially launched tokenized stocks for trading in Europe
Why it matters:
- This is the first time ever that Robinhood has ventured into tokenizing stocks that trade on major stock exchanges in the United States for global trading through their own brokerage platform
Going deeper:
- Robinhood will launch more than 200 different tokenized stocks and ETFs into the European Union which will initially be launched on the Arbitrum blockchain
- All of the new tokenized stocks and ETFs being launched in the European Union by Robinhood will have zero fees or commissions
- Robinhood has been making a major push into deepening their bet on tokenization lately, including just recently publishing a new regulatory proposal to the United States Securities and Exchange Commission focused on developing a new legal framework for tokenizing real world assets
The intrigue:
- Robinhood has also publicly stated they are developing their own Layer 2 blockchain which will be purpose built for tokenizing real world assets, real time trading and self custody
