Robinhood Markets Inc. is constructing a blockchain-based platform to permit European buyers to commerce tokenized U.S. securities, in response to Bloomberg.
The initiative will probably contain a partnership with a digital-asset agency, with Arbitrum (ARB) and Solana (SOL) being thought of as blockchain infrastructure choices, in response to Bloomberg reporting.
Discussions are ongoing and no settlement has been finalized. Robinhood and the blockchain entities declined to remark.
Tokenized securities — digital representations of conventional monetary belongings—are gaining traction as international monetary corporations discover methods to scale back buying and selling infrastructure prices and enhance transparency.
A report from the World Monetary Markets Affiliation estimates distributed ledger know-how may save as much as $20 billion yearly in international clearing and settlement prices.
Robinhood’s growth into Europe
Robinhood has already begun laying the groundwork for broader monetary companies in Europe. In April, the corporate secured a brokerage license in Lithuania, granting it entry to the EU funding market.
It additionally agreed to accumulate crypto change Bitstamp, a deal that would develop its choices to incorporate crypto-linked derivatives by Bitstamp’s multilateral buying and selling facility license.
Robinhood joins main establishments equivalent to BlackRock, Franklin Templeton, and Apollo in exploring tokenized belongings.
BlackRock’s tokenized fund BUIDL has already attracted over $2 billion since launching in 2023, signaling rising institutional confidence in blockchain-based monetary merchandise.
