Robinhood is developing a blockchain -based program to allow European merchants to access American financial assets, two familiar people told Bloomberg.
Three blockchains, including Arbitrum (ARB), Ethereum (ETH) and Solana (Sol), would be considered the new platform that will be in partnership with a digital asset company, according to the report.
Tokenized assets have become a dominant field for traditional financial companies to push further in the crypto. Several companies have launched Tokenized funds in the past, some analysts providing that the market reaches 23.4 dollars by 2033.
The tokenization refers to the process of creating a digital token for a traditional asset on blockchain increasing data security and allowing a rapid transactions settlement and increased liquidity, among others.
In January, Robinhood CEO Vlad Tenev criticized the current American regulations that have not yet provided a clear framework and rules to record security tokens – to block what could be a major financial change that could open private market investments for daily investors by tokenization.
