After scoring a sequence of regulatory wins, Robinhood is readying itself to bridge EU residents with US securities. Insiders with information of the matter say Robinhood is exploring the usage of Solana and Arbitrum to tokenize US shares.
Robinhood Explores Solana And Arbitrum For Tokenization Of US Securities
According to a Bloomberg report, monetary providers agency Robinhood is hurtling towards the launch of a platform that can enable European retail merchants entry to US securities. The platform will characteristic tokenized variations of US securities, offering Robinhood’s EU-based customers with unfettered entry to US shares.
Bloomberg studies that the incoming platform might 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.
However, a ultimate settlement stays below wraps, however Bloomberg notes that Robinhood might be eager on using the wave of regulatory wins. The firm has beforehand clinched a brokerage license in Lithuania as a part of efforts to increase its footprint within the EU.
“I think tokenized securities can really push forward US company dominance in the global market,” mentioned Robinhood CEO Vlad Tenev. “Right now, it’s very difficult to invest in a US company if you’re overseas.”
The tokenization plan follows a stellar Robinhood earnings report that surpassed Wall Street estimates.
Apart 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 a complete new spectrum of buyers. Right off the bat, the transfer is a big 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. Given that the platform will function below the EU’s MiCA, institutional buyers 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 costs if Robinhood leans on both of them for tokenization.
Solana has been having fun with a wave of institutional curiosity in current 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.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for overlaying needle-moving tales within the area. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he is not poring over charts or following leads, Aliyu enjoys enjoying the bass guitar, lifting weights and working marathons.
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