Robinhood Launches Tokenized Stocks and Develops Own Blockchain

• Robinhood launches tokenized stocks for European users
• The firm aims to develop its own blockchain network
• Access to over 200 U.S. stocks and ETFs is now available
• Robinhood introduces perpetual swaps and crypto staking
• Market projections suggest the tokenized asset sector could grow to $18.9 trillion

Robinhood Expands Into Crypto With Tokenized Stocks

Robinhood unveils its ambitious expansion into the digital asset arena by launching tokenized stocks based on Arbitrum. This new initiative will initially be available to European users and lets them trade tokenized versions of U.S. stocks and ETFs. But it doesn’t stop there; Robinhood is also venturing into the development of its own unique blockchain, promising 24/7 trading along with self-custody options, a significant leap towards an all-in-one investment platform.

Aiming for an All-in-One Investment App

The digital brokerage is unveiling a tokenized stock offering that opens the door for European users to trade over 200 U.S. equities with round-the-clock access during weekdays. The newly launched offering is part of an extensive upgrade to Robinhood’s EU app, positioning it as an all-encompassing investment tool. As Robinhood continues its ambitious plans, they are gearing up to fully dive into the world of crypto and tokenized assets—a sector that, according to Ripple and BCG, is set to explode into an $18.9 trillion market by 2033.

New Trading Features for Investors

Alongside the tokenized stocks, Robinhood is gearing up to introduce perpetual futures to its European customers. This product, which has gained traction among crypto traders, allows for derivatives trading with trades routed through Bitstamp, acquired just this year for a hefty $200 million. For U.S. investors, the company is adding crypto staking opportunities starting with Ethereum’s ether. Interestingly, Robinhood is also planning to integrate crypto rewards into its credit card, letting users convert cashback into digital assets effortlessly.

In summary, Robinhood’s recent initiatives are marking a bold step into the future of finance with key elements like tokenized stocks and a brand new blockchain in the works. The digital brokerage isn’t just riding the cryptocurrency wave; they’re actively shaping it by offering groundbreaking tools that promise a more inclusive and efficient investment landscape. With the projected growth of the tokenized asset market, Robinhood aims to capitalize on this potential while competing in an increasingly crowded digital asset space.