Robinhood Plans Blockchain Program for Trading U.S. Securities in Europe
Robinhood is developing a blockchain-based program to enable European traders to access U.S. financial assets. The project will collaborate with a digital asset firm and is considering three blockchains: Arbitrum, Ethereum, and Solana.
Key points include:
- Tokenized assets are gaining traction among traditional financial firms.
- Market for tokenized assets projected to reach $23.4 trillion by 2033.
- Tokenization enhances data security, transaction speed, and liquidity.
- Robinhood CEO Vlad Tenev criticized U.S. regulations that hinder security tokenization efforts.