Robinhood Engages in Regulatory Dialogue Regarding Tokenized Stocks
1 week ago / Read about 0 minute
Author:小编   

Subsequent to the rollout of its tokenized stock offerings, Robinhood Markets Inc. has encountered pushback from multiple entities, notably OpenAI, and is currently engaged in discussions with European regulatory bodies concerning its operations. The company has affirmed that EU users can trade blockchain-based tokens representing American stocks, but tokens for non-listed companies like OpenAI and SpaceX are not yet accessible. The Bank of Lithuania has requested Robinhood to elucidate the token structure to ensure regulatory compliance. Robinhood anticipates expanding this product line to the US, UK, and other regions in the future, expressing confidence that the US Securities and Exchange Commission (SEC) can authorize related businesses without necessitating new legislation. Tokenized securities have garnered considerable interest from international investors due to their fusion of stock equity and transparency.