Robinhood Markets Inc. Develops a block chain platform that would allow European investors to trade US shares.
Global interest in marked assets is on the rise, and among other companies, Robinhood buys a wave with his plan to launch a chip -based platform that allows customers to trade tokenized assets.
Robinhood to start a blockchain platform
Robinhood Markets Inc. He is currently applying for his participation in global finance, developing a chip -based platform that allows European retail investors to trade US securities.
According to people who are familiar with the matter, the Robinhood in Menlo Park, California, is currently discussing talks to build a platform in cooperation with digital assets.
Two weighed chip circuits are arbitrum and solana. Arbitrum works as a solution for Layer-2 on the Ethereum network, and Solana is known for its fast transaction speed and low cost.
The discussions are still ongoing and no official agreement has been reached. The RobinHood spokesman refused to comment on the ongoing discussions, and the Arbitrum and Solana Foundation developer Offchain Labs followed both the example and the media initiative.
The planned platform of Robinhood would have labeled US shares and potentially other securities, while giving European Union investors access to them 24 hours a day, increased efficiency and lower billing costs.
Currently, Robinhood customers have access to cryptocurrency trading in the European Union only. However, the company recently secured a brokerage permit in Lithuania, which allows it to provide traditional trading services throughout the EU. It is assumed that this development will pave the way chip chain ventureTo.
Marked securities
Marked securities are digital presentations of traditional financial assets such as shares, bonds or real estate stored in the chip circuit networks. This technology offers greater efficiency, faster settlement time and significantly lower infrastructure costs.
The 2023 annual report of the Global Financial Markets Association (GFMA) showed that scattered general book technology (DLT) may reduce global clearance and billing costs up to $ 20 billion a year. These saved costs result from reducing addiction to centralized agents and complex reconciliation processes that often delay trading.
Several major financial institutions are purchased by a symbolic wave. The BLACKROCK USD Institutional Digital Liquidity Fund, known as BUIDL, has collected assets after its launch.
Franklin Templeton and Apollo have both launched their labeled investment products in recent years. Even Coinbase has expressed interest in the offer of tokenized securities.
Vlad Tenev, CEO of Robinhood, publicly shared the potential of his enthusiasm for the potential of the tagged assets. Speaking in March in Podcast, he said: “Tokenized securities can indeed promote the dominance of the US company on the world market. It is currently very difficult to invest in a US company when you are abroad.”
This challenge is exactly what the Robinhoods Blockchain platform is trying to solve, as European investors are facing regulatory and operational obstacles when they try to invest directly in US -notated securities.
The acquisition of Robinhood, which is a well -established European cryptocurrency exchange bitstamp, is also critical of its expansion in the EU. BITSTAMP MIFI MIFI Multilateral Trading Options (MTF) License would allow Robinhood to provide cryptocurrency derivatives and potentially even labeled securities. When the transaction ends, Robinhood could use bitstamp infrastructure and licensing to bring its tokenized platform on the European market faster and more confident.
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