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Robinhood shows an increase in the interest of private companies that eager for the tokenization of its shares after the company launched its stock tokens in the European Union last week.
On Tuesday interview With Bloomberg News, the CEO Vlad TENEV said that the company has received a wave of applications from private companies that want to make their capital available for retail investors through Tokens based on blockchain on their platform.
“Since our announcement, I have had a flood of questions, private companies that really want to gain access to retail, so that their shares are tokenized and part of this revolution,” he said.
Currently, it is only available in the EU, the platform offers more than 200 tokenized US stocks traded five days a week. It also includes promotional reveals to unconventional tokens representing private companies such as Openai and SpaceX.
TENEV said that Robinhood’s long -term goal is to bring thousands of private companies to the platform. “We believe [this] There is a huge opportunity to solve one of the greatest inequalities in the capital markets, which is the fact that you have these massive companies that remain private longer, ”he said.
Related: Bitcoin, XRP, Sol Futures Start to Robinhood
Tokenized Platform Robinhood Faces
However drew a control. Lithuania, which regulates robinism in the EU, asked to clarify how the chips are structured. Tenev said the company welcomes a review.
“They want to make sure everything is right because it’s a new innovative offer. We’re sure. We think it’s not just important, but resistant to the highest form of control,” he said.
The ribs are technically classified as derivatives under the EU Markets in the regulation of crypto-aspat (mica) and markets in the financial instrument directive (MIFID). They are supported by the basic assets held by American brokers, stamped or burned with tokens when users buy or sell.
TENEV confirmed that the company is conducting discussions with regulatory bodies in the US and the UK, but the platform is not yet available in these markets. He said that the US Securities and Stock Exchange Commission (SEC) can tokenize green light without required new legislation.
“The US should not be behind. The opportunity is too great to ignore. Not only for retail, but also institutional. And I think they are enthusiastic. They have tokenization round tables on SEC, which we were part of,” he said.
As mentioned, Galaxy Digital said that Robinhood tokenization removes assets from traditional market channels and brings them directly, directly, directly questioning concentrated liquidity And the activity that provides the main exchange of traditions, such as NYSE, their edge.
Cointlelegraph approached Robinhood to comment, but did not receive the answer.
Related: Tokenized capital still in the regulatory gray zone – lawyers
The tokenization market remains hot
Robinhood tokenization comes when the pressure to bring onchain is gaining traction.
Tuesday, Biosig Technologies listed in Nasdaq secured Financing from an unpublished institutional investor to support his plan for tokenization of the commodity market. The agreement includes $ 100 million in senior secure convertible bonds and a $ 1 billion credit line.
In other reports, the QCD (QCDT) cash market, a joint initiative of DMZ Finance and QNB, has a joint initiative received The approval of the Dubai Office for Financial Services (DFSA), which became the first tokenized fund of the cash market established in the Dubai International Financial Center (DIFC).
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