Robinhood has submitted a 42-page proposal to the US Securities and Trade Fee (SEC), calling for a nationwide framework to control tokenized real-world property (RWAs).
The brokerage agency is in search of to modernize monetary infrastructure by making tokenized property legally equal to their conventional counterparts and enabling compliant onchain settlement, Forbes reported on Might 20.
Within the proposal, Robinhood additionally reveals plans for creating the Actual World Asset Trade (RRE), a buying and selling platform providing offchain commerce matching and on-chain settlement for effectivity and transparency.
Robinhood is advocating for uniform federal requirements to exchange the patchwork of state-level securities rules that presently apply. The platform would additionally combine Know Your Buyer (KYC) and Anti-Cash Laundering (AML) instruments by companions like Jumio and Chainalysis to satisfy world compliance expectations.
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Robinhood asks for token-asset equivalence
A key function of the proposal is the push for token-asset equivalence. Underneath Robinhood’s plan, a token representing a US Treasury bond, as an illustration, can be handled because the bond itself — not a spinoff or artificial product.
That may enable establishments and broker-dealers to deal with tokenized RWAs inside the present regulatory system, doubtlessly streamlining custody, buying and selling and settlement processes.
Technically, RRE might be constructed on a dual-chain structure using Solana and Base, in response to an summary of the proposal by Franklin Elevator. The system is designed to mix high-frequency offchain commerce matching with onchain settlement.
Franklin Elevator mentioned Robinhood initiatives the platform will obtain sub-10 microsecond matching latency and throughput of as much as 30,000 transactions per second.
This might compress the US capital market’s customary settlement time from T+2 to T+0, chopping buying and selling prices by an estimated 30% yearly.
“RWA tokenization represents a brand new paradigm for institutional asset allocation. Robinhood is dedicated to main this pattern beneath a compliant framework,” Robinhood CEO Vlad Tenev mentioned.
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Tokenization positive factors momentum
Robinhood’s proposal comes amid a renewed wave of curiosity in RWA tokenization, with main gamers from each conventional finance and crypto making headlines final week.
On April 30, BlackRock filed to create a blockchain-based share class for its $150 billion Treasury Belief Fund, permitting a digital ledger to reflect investor possession. On the identical day, Libre revealed plans to tokenize $500 million in Telegram debt through its new Telegram Bond Fund.
On Might 1, MultiBank Group inked a $3 billion tokenization take care of UAE actual property agency MAG and blockchain supplier Mavryk.
“The current surge isn’t arbitrary. It’s taking place as a result of all the things’s lining up,” Eric Piscini, CEO of Hashgraph, informed Cointelegraph. “Guidelines are getting clearer in main markets. The tech is stronger, quicker, and able to scale. And massive gamers are literally doing it,” he added.
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