menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Robinhood ...
source image

Pymnts

1d

read

177

img
dot

Image Credit: Pymnts

Robinhood ‘Confident’ Tokenized Equities Will Withstand Regulatory Scrutiny

  • 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.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app