Robinhood is in discussions with European regulators regarding its tokenized equities offering, which allows retail investors in the EU to trade tokens representing shares of U.S. equities on blockchain.
The launch of the tokenized equities program last week faced criticism from companies like OpenAI and questions from the Bank of Lithuania, Robinhood’s main regulator in the EU.
Robinhood CEO Vlad Tenev expressed confidence that the tokenized equities will withstand regulatory scrutiny, despite concerns raised by entities like OpenAI and the Bank of Lithuania.
Other financial giants like J.P. Morgan and Kraken have also made similar tokenization-related announcements, signaling a trend towards moving traditional financial services onto the blockchain.