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Robinhood’s stock token offers are under control of regulation in the European Union after OpenIa has warned investors that the so -called Openai digital broker is not a stock share in the company.
The OpenIa warning caused an investigation into the central bank of Lithuania, which serves as the primary regulator of Robinhood in the region.
Lithuan Bank of Lithuania “Awaiting clarification” in terms of Robinhood equity tokens that are associated with OpenAi and SpaceX, CNBC Announced on Monday, quoted Giedrius Šniukas, spokesman for Bank of Litvania.
“Only after receiving and evaluating this information will we be able to assess the legality and adherence to these specific instruments,” Šnuukas said.
Robinhood’s pushing into tokenization culminated on June 30, with the launch of the layer 2 blockchain 2 to support its tokenized securities’ offers in the European Union. The BROKERAGE said he plans to issue More than 200 US Fund of Shares and Exchange Trades (ETF) for Investors in Europe.
Baclash, however, focuses on the so -called tokens of private capital Robinhood for companies that are not publicly traded, especially OpenAi and SpaceX. As Cointlelegraph notedOpeni has already explained that these tokens in society do not represent their own capital.
As Galaxy’s research remarked, these capital tokens are essentially “derivatives that provide indirect exposure to the basic asset”.
Related: Tokenized capital still in the regulatory gray zone – lawyers
Own a piece of growing tokenization cake
Like other intermediary companies, Robinhood is competing for a share in the rapidly expanding tokenization market, which is estimated to be valued at more than $ 24 billion.
Although some initiates, such as Chris Yin CEOThey challenge the reported size of the market due to the challenges of data monitoring, the main institution as Black -shin and Franklin Templeton They entered the space.
Recent Message from Redstone He noted that the tokenization gains traction on private credit markets by reducing obstacles and improving the settlement and liquidity period. The report found that the private loan and debt of the US Ministry of Finance are currently the largest tokenization drivers.
At the recent tokenization of this conference in New York, they claimed that industrial managers Tokenized supplies He could be an opportunity for trillion dollars.
Related: Tokenized funds are rapidly expanding and hitting $ 5.7 – Moody’s
