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Robinhood Launches Tokenized US ETFs and Stocks Including OpenAI, SpaceX in Europe
In a groundbreaking move, Robinhood has introduced tokenized versions of US ETFs and private company stocks, including OpenAI and SpaceX, for European investors. This major expansion aims to cater to the increasing demand for decentralized trading.
The development saw Robinhood’s stock price surge by 12.77%, reaching $93.63. The platform utilized Arbitrum Layer 2 blockchain to enable this new service, which will allow users to engage in transactions around the clock with zero commission and no additional spread.
Robinhood’s chairman and CEO, Vladimir Tenev, emphasized that tokenization has the potential to transform the global financial landscape. In a statement, he noted: “Tokenisation is going to open the door to a massive trading revolution. Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system.”
The introduction of tokenized US ETFs and private company stocks has sparked widespread interest in the cryptocurrency market. The move underscores Robinhood’s commitment to pushing boundaries in decentralized trading.
Source: www.coinspeaker.com
