Robinhood’s entry into the real world assets (RWAS) is gaining momentum, with digital brokers launching a tokenization-focused layer 2 blockchain and introducing stock token trading for EU users.
Built on arbitration, the new Layer 2 network will enable more than 200 U.S. stock and exchange-traded funds (ETF) tokens to be issued, allowing European investors to acquire U.S. assets, Robinhood Announce on Monday.
Robinhood’s stock tokens will have zero commissions and can be used for 24-hour trading five days a week.
The company also announced the launch of permanent futures in the EU, allowing eligible traders to use up to three times the derivatives. These transactions will be routed via crypto exchange Bitstamp Robinhood recently acquired for $200 million.
Robinhood is not the first exchange to offer token shares to European investors. As Auxiliary device reportGemini has begun offering tagged versions of Strategy (MSTR) stocks that expose investors to Bitcoin-focused companies.
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Robinhood’s crypto drive intensifies
A few days later, Robinhood announced its new tokenization plan Launch micro futures Bitcoin contract (BTC), xrp(XRP) and solana (sol), allowing traders to access derivatives markets with significantly reduced capital requirements.
May, exchange Obtained by Canadian crypto operator Wonderfi For $179 million in deal.
The company has also been advocating for wise token legislation in the United States Submitted a suggestion Established the RWA’s national framework to the Securities and Exchange Commission.
Robinhood’s proposal includes plans to launch a real-world asset exchange, a platform designed for OnChain Settlement and designed for appearance trading.
Over the past year, the RWA market has grown significantly, with $24 billion as of June, According to the recent redstone report. But much of its growth is driven by private credit and U.S. Treasury debt, while symbolic stocks account for $400 million.
Related: Despite raising $909 million in May
