Robinhood Pushes Deeper Into Crypto With Own Blockchain, Tokenized Stock Launch

Robinhood is expanding its crypto offerings with new features, including a proprietary blockchain network built on Arbitrum for enhanced tokenized asset trading. The platform has introduced tokenized stocks for European users, allowing around-the-clock trading of U.S. equities and ETFs. Additionally, Robinhood plans to release private equity tokens for companies like OpenAI and SpaceX and is launching perpetual futures for European users. The firm's push into tokenization aims to democratize access to investments, potentially tapping into a market projected to reach $18.9 trillion by 2033. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk