Robinhood Develops Blockchain Platform for European Access to US Financial Assets
Brief news summary
Robinhood is developing a blockchain-based platform to enable traders in Europe to access U.S. financial assets, sources told Bloomberg. The company is reportedly considering three blockchains—Arbitrum (ARB), Ethereum (ETH), and Solana (SOL)—for this initiative, which will be launched in partnership with a digital asset firm. This move aligns with the growing trend of tokenized assets, where traditional financial firms are increasingly embracing blockchain technology to expand their crypto offerings. Tokenized assets involve creating digital tokens representing traditional assets on the blockchain, enhancing data security, enabling faster transaction settlements, and improving liquidity. Several companies have already introduced tokenized funds, and analysts predict the market could grow to $23.4 trillion by 2033, highlighting the significant potential of asset tokenization in transforming financial markets.Robinhood is working on a blockchain-based platform aimed at enabling traders in Europe to access U. S. financial assets, according to two sources familiar with the matter who spoke to Bloomberg. The new platform is reportedly considering integration with three blockchains: Arbitrum (ARB), Ethereum (ETH), and Solana (SOL). This initiative will involve a partnership with a digital asset firm, the report notes. Tokenized assets have emerged as a key area for traditional financial institutions seeking deeper involvement in the crypto space.
Several companies have already launched tokenized funds, with some analysts projecting the market could expand to $23. 4 trillion by 2033. Tokenization involves creating a digital token on the blockchain that represents a traditional asset. This process enhances data security, enables faster settlement of transactions, and increases liquidity, among other benefits.
Watch video about
Robinhood Develops Blockchain Platform for European Access to US Financial Assets
Try our premium solution and start getting clients — at no cost to you
I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?
Content Maker
Last news
The Best for your Business
Hot news
Bluefish AI Raises $20M in Series A Funding to En…
Bluefish AI, a New York-based marketing technology firm, recently secured $20 million in a Series A funding round to expand its AI-driven search engine optimization (SEO) tools.
AI-Generated Videos Gain Popularity on Social Med…
Social media platforms are currently witnessing a significant rise in AI-generated videos, signaling a major shift in how users create and share content.
ServiceNow to boost CRM offering with acquisition…
ServiceNow has announced a strategic move by signing a definitive agreement to acquire Logik.ai, a recognized leader in AI-powered and composable Configure, Price, Quote (CPQ) solutions.
Oracle's AI-Powered Cloud Services Gain Traction …
Oracle's AI-powered cloud services are rapidly gaining adoption across diverse industries, marking a major shift in how businesses embrace technology and innovation.
Gerrid Smith Releases "Law Firm SEO," a Step-by-S…
“The biggest misconception is that SEO demands a large monthly retainer,” stated Gerrid, founder of Fortress.
Qualcomm warns AI's lust for memory hurts smartph…
Qualcomm has issued a warning that soaring memory prices will slow the smartphone industry, causing investors to react nervously and push the company’s share price down by 11 percent.
The Future of SEO: Integrating AI for Enhanced Se…
The integration of artificial intelligence (AI) into search engine optimization (SEO) is fundamentally reshaping the digital marketing arena.
AI Company
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Your News is ready
Your article is ready
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Generating video takes longer than text.
