Digital brokerage robin (HOOD) Extending his crypto footprint with a list of new offers, in particular by developing his own blockchain network based on arbitrum
And launching the trading of token actions, announced the company on Monday.
The company today has made its debut on the supply of actions tokens, issued on the Ethereum Layer-2 Arbitrum, for European users, giving access to more than 200 American and ETF actions with the exchanges of 24 during the week. With the launch, Robinhood extends its EU application focused on the crypto with token actions in an “all-in-one investment application propelled by Crypto”, said the company in a shared press release with Coindesk.
The company also confirmed that it built its own layer 2 layer 2 network optimized for token workers. The upcoming chain, based on the Arbitrum technical battery, aims to take charge of 24/7 trading, the self-leather and the transverse transition of tokenized assets. An release date has not been disclosed, but people familiar with the case said it could be posted later this year, early next year.
The company has announced its access to investment capital tokens, starting with tokenized actions in Openai and SpaceX.
“We will continue to work with regulators and bring the entire Robinhood ecosystem in a chain,” said President and Chief Executive Officer Vlad Tenev at the launch event in Cannes, France.
Hood’s shares, negotiated on Nasdaq, gathered at a new record of $ 91, which increased more than 8% during the Monday session.
Robinhood’s thrust in token active ingredients occurs while competition with digital asset exchanges is heated to provide a unified trading center for all kinds of financial instruments. The tokenization of assets is a burn in reading that aims to provide real assets, including actions, funds, real estate on blockchain rails promising cheaper, faster and more efficient colonies and 24 -hour trading. It is potentially a huge opportunity: the tokenized asset market could reach $ 18.9 BCG projected.
A multitude of popular crypto exchanges, including Bybit, Kraken and Gemini, have recently started to offer tokenized actions to users, while Coinbase would also have asked for regulatory approval to do so.
Robinhood’s Tenev earlier this year boasted the tokenization of assets as a way to expand access to investors who are limited to the rich and have recommended clear American regulations for tokensize titles.
While his competitors have teamed up with regulated specialists in assets to offer tokens in stock, Robinhood builds his own tokenization engine to do so, Seong Lee, manager of Crypto products, told Coindesk in an interview.
Perps in the EU, crypto in us
As part of the company’s Crypt Push of the company, Robinhood deploys perpetual term contracts, a popular derivative instrument among cryptography merchants, for European users. Transactions are routed via Bitstamp, one of the oldest exchanges in the oldest active crypto that Robinhood has acquired $ 200 million.
The company has also introduced crypto cleansing for American investors, starting with Ethereum ether
And Solana’s soil which allows holders of tokens win awards without leaving the request.
In addition, Robinhood will add cryptographic awards to its credit card offer later this fall, allowing American customers to automatically invest in digital assets.
Read more: Robinhood is launching micro Bitcoin, Solana and XRP contracts
UPDATE (June 30, 15:45 UTC):: Add Robinhood introducing Openai, SpaceX investment capital tokens. Add a hood price action.
