Robinhood’s push into real-world belongings (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing inventory token buying and selling for customers within the European Union.
Constructed on Arbitrum, the brand new layer-2 community will allow the issuance of over 200 US inventory and exchange-traded fund (ETF) tokens, giving European traders entry to US belongings, Robinhood introduced on Monday.
Robinhood’s inventory tokens can have zero commissions and be out there for buying and selling 24 hours a day, 5 days every week.
The corporate additionally introduced the launch of perpetual futures within the EU, giving eligible merchants entry to derivatives with as much as 3 times leverage. These trades might be routed by means of Bitstamp, the crypto change Robinhood just lately acquired for $200 million.
Robinhood isn’t the primary change to supply tokenized shares to European traders. As Cointelegraph reported, Gemini has already begun providing a tokenized model of Technique (MSTR) inventory, giving traders publicity to the Bitcoin-focused firm.
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Robinhood’s crypto push intensifies
Robinhood unveiled its new tokenization initiative days after launching micro futures contracts for Bitcoin (BTC), XRP (XRP), and Solana (SOL), permitting merchants to entry derivatives markets with considerably decrease capital necessities.
In Might, the change acquired Canadian crypto operator WonderFi in a $179 million deal.
The corporate has additionally been advocating for wise tokenization laws in america, having submitted a proposal to the Securities and Trade Fee to ascertain a nationwide framework for RWAs.
Robinhood’s proposal contains plans to launch the Actual World Asset Trade, a platform designed for offchain buying and selling with onchain settlement.
The RWA market has grown considerably over the previous yr, eclipsing $24 billion as of June, in keeping with a latest RedStone report. Nonetheless, a lot of its development has been pushed by personal credit score and US Treasury debt, with tokenized shares accounting for lower than $400 million.
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