Robinhood Considers Solana & Arbitrum For Tokenized US Stocks
The post Robinhood Considers Solana & Arbitrum For Tokenized US Stocks appeared on BitcoinEthereumNews.com.
After scoring a series of regulatory wins, Robinhood is readying itself to bridge EU residents with US securities. Insiders with knowledge of the matter say Robinhood is exploring the use of Solana and Arbitrum to tokenize US stocks. Robinhood Explores Solana And Arbitrum For Tokenization Of US Securities According to a Bloomberg report, financial services firm Robinhood is hurtling toward the launch of a platform that will allow European retail traders access to US securities. The platform will feature tokenized versions of US securities, providing Robinhood’s EU-based users with unfettered access to US stocks. Bloomberg reports that the incoming platform will be a partnership with a crypto-native financial services firm. Insiders say Robinhood will lean on either Solana or Arbitrum to tokenize the US-based securities. However, a final agreement remains under wraps, but Bloomberg notes that Robinhood will be keen on riding the wave of regulatory wins. The company has previously clinched a brokerage license in Lithuania as part of efforts to expand its footprint in the EU. “I think tokenized securities can really push forward US company dominance in the global market,” said 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 financial tailwinds, regulatory clarity in the EU is fuelling the company’s drive to explore tokenization. The EU has taken the lead in crypto banking despite a hawkish stance from US authorities. Markets Are Bracing For An Avalanche Of Tokenization Robinhood’s offering will offer US stocks to a whole new spectrum of investors. Right off the bat, the move is a significant play for the convergence between traditional finance and cryptocurrencies. A Robinhood platform tokenizing US securities will push the frontiers with 24/7…
Filed under: News - @ May 8, 2025 10:28 am