According to FSMN, Robinhood CEO stated in a keynote speech that the company will expand the tokenization of US stocks from the current 200 to "thousands" by the end of this year.
Previously, Robinhood planned to launch its own blockchain and introduce a "stock token" in the European Union. In addition, Robinhood also allows European users to trade perpetual futures of cryptocurrencies and supports American customers to pledge cryptocurrencies (initially supporting Ethereum and SOL).
According to Foresight News, Robinhood has announced that Robinhood EU has launched the world's first batch of non publicly traded company stock tokens, including tokens from OpenAI and SpaceX. Robinhood European users who meet the criteria can now apply for these tokens within the app, with a deadline of July 7th.
BlockBeats news, on June 30th, according to official sources, Robinhood's chain based on Arbitrarum is temporarily named Robinhood Chain and is still under development, with possible changes. Its availability depends on applicable regulations and future launch time.
BlockBeats News: On June 30th, according to crypto journalist Eleanor Terrett, despite a temporary disagreement on Sunday, the amendment to the "Beautiful Big Act" involving cryptocurrency taxation is still under review today. It is reported that the White House has intervened in this matter and is pushing to include key provisions proposed by Senator Cynthia Lummis (proposer of the Bitcoin Reserve Act) in the final version of the bill.
