According to Bloomberg, Robinhood Markets Inc. builds a platform based on blockchain to allow European investors to exchange tokenized American titles.
The initiative will probably involve a partnership with a digital asset company, Arbitrum (ARB) and Solana (Sol) being considered as Blockchain infrastructure options, according to Bloomberg Reporting.
Discussions are underway and no agreement has been finalized. Robinhood and Blockchain entities refused to comment.
Tokenized titles – digital representations of traditional financial assets – gain ground while global financial companies explore means to reduce negotiation infrastructure costs and increase transparency.
A report by the Global Financial Markets Association estimates that the technology of the large distributed book could allow $ 20 billion per year in global compensation and settlement costs.
Robinhood’s expansion in Europe
Robinhood has already started laying the wider financial services in Europe. In April, the company obtained a brokerage license in Lithuania, granting it access to the EU investment market.
It also agreed to acquire Crypto exchange bitstamp, an agreement that could extend its offers to include derivatives linked to cryptography via a multilateral bitstamp trading license.
Robinhood joins the big institutions such as Blackrock, Franklin Templeton and Apollo to explore tokenized assets.
Blackrock Buidl’s Tokrock Fund has already attracted more than $ 2 billion since its launch in 2023, reporting growing institutional trust in blockchain -based financial products.
