Robinhood makes a large statement to the financial services community.
The trading platform reported that on Monday it released US stock and ETF tokens at the European Union in Cannes, France. European Robinhood customers will have access to more than 200 US shares and ETFs. Stock chips will also receive dividend payments directly in their Robinhood program.
Using a token stock, the transition of European European programs from cryptocurrencies only into a broader offer where customers can invest in shares and ETFs.
Initially, the shares will be issued to the Blockchain player “Arbitrum”. Robinhood said Tokenized stocks would soon be facilitated by its blockchain layer. He said the technology currently develops would support around the clock.
Vlad Tenev, founder and CEO of Robinhood, will live today at Yahoo Finance today at 3:30 pm to reveal more information for the plan.
Using Blockchain technology, tokensation is a process of digital real estate image. In essence, it gives investors the opportunity to diversify their shares, such as the ownership of fractional assets such as shares, art or real estate.
Giants of financial services, such as Blackrock (BLK) and Franklin Templeton, have accepted the Money Market Funds. Larry Fink, the founder and CEO of Blackkrock, was a vocal supporter of chips as he democratizes access to investment, shareholders’ voting and yields.
“The money of the world is moving through the plumbing, built when the trade floor is still yelling at orders and fax machines felt revolutionary,” Fink said in his annual letter of shareholders early this year.
Consultations McKinsey appreciate that by 2030 The capitalization of the tokened market can reach about 2 trillions of USD, except for Bitcoin and Stablecoins cryptocurrency.
Other major products that reveal at Monday’s Robinhood are the EU cryptocurrency future transactions.
The company aggressively invented itself from a pure game trade platform. Founded Tenev and Baju Bhatt.
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March The company has issued Robinhood banking to provide access to traditional inspection and savings accounts.
Robinhood strategies are now serving as a property management service. Its high -end gold subscribers pay a 0.25% annual fee worth $ 250.
This year she also made her debut at the forecasting markets center. Contracts allow users to bet on everything, starting with what can be the Fed Fund rate to the NCAA tournament games.
The platform provider also debuted Futures and Index Options Trading last year.