After scoring a collection of regulatory wins, Robinhood is readying itself to bridge EU residents with US securities. Insiders with information of the matter say Robinhood is exploring using Solana and Arbitrum to tokenize US shares.
Robinhood Explores Solana And Arbitrum For Tokenization Of US Securities
In line with a Bloomberg report, monetary providers agency Robinhood is hurtling towards the launch of a platform that may permit European retail merchants entry to US securities. The platform will function tokenized variations of US securities, offering Robinhood’s EU-based customers with unfettered entry to US shares.
Bloomberg stories that the incoming platform will likely be a partnership with a crypto-native monetary providers agency. Insiders say Robinhood will lean on both Solana or Arbitrum to tokenize the US-based securities.
Nonetheless, a last settlement stays beneath wraps, however Bloomberg notes that Robinhood will likely be eager on driving the wave of regulatory wins. The corporate has beforehand clinched a brokerage license in Lithuania as a part of efforts to increase its footprint within the EU.
“I believe tokenized securities can actually push ahead US firm dominance within the international market,” stated Robinhood CEO Vlad Tenev. “Proper now, it’s very troublesome to spend money on a US firm for those who’re abroad.”
The tokenization plan follows a stellar Robinhood earnings report that surpassed Wall Road estimates.
Aside from monetary tailwinds, regulatory readability within the EU is fuelling the corporate’s drive to discover tokenization. The EU has taken the lead in crypto banking regardless of a hawkish stance from US authorities.
Markets Are Bracing For An Avalanche Of Tokenization
Robinhood’s providing will supply US shares to an entire new spectrum of traders. Proper off the bat, the transfer is a major play for the convergence between conventional finance and cryptocurrencies.
A Robinhood platform tokenizing US securities will push the frontiers with 24/7 buying and selling and deeper market liquidity. On condition that the platform will function beneath the EU’s MiCA, institutional traders on the sidelines will see the tokenized providing as sufficient incentive to wade in.
Solana and Arbitrum will file spectacular transaction volumes relying on Robinhood’s selection. The blockchains will take pleasure in a spike in customers and charges if Robinhood leans on both of them for tokenization.
Solana has been having fun with a wave of institutional curiosity in latest weeks, with BlackRock turning to the blockchain for its BUIDL cash market fund. Solana’s price is defending $140 after SOL’s Pumpfun surpassed Ethereum in charges.
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