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'Please Be careful.' There Are Risks and Rewards as Crypto Heavyweights Push Tokenization
EUROPE, JUL 20 – Robinhood offers over 200 tokenized stocks and ETFs to European investors with plans to extend trading hours from 24/5 to 24/7, aiming to expand access to private and public markets.
- On June 30, Robinhood Markets unveiled tokenized stocks for retail investors, marking a new phase in capital markets.
- The basic idea of tokenization: Use blockchain technology that powers cryptocurrencies to create digital tokens as stand-ins for assets, as Robinhood says tokenized stocks will modernize trading, industry players race to digitize assets.
- Robinhood is targeting European investors with over 200 tokenized stocks and ETFs, trading operates 24/5, according to Robinhood.
- SEC Commissioner Hester Peirce advised, `firms issuing tokenized stock should consider their disclosure obligations`, while OpenAI immediately clarified tokens do not represent ownership.
- McKinsey projects a $2 trillion market for tokenized assets by 2030, with mainstream adoption in the U.S. expected by next year.
19 Articles
19 Articles
Associated Press News
'Please be careful.' There are risks and rewards as crypto heavyweights push tokenization
The financial world is buzzing about tokenization, a process using blockchain to turn real-world assets like stocks or real estate into digital tokens.
Entering the Age of Tokenized Stocks: Robinhood's Revolutionary Move - Real News Now
For the last year or so, tokenization has been a critical buzzword in the world of cryptocurrency. We’ve started to witness the intriguing blend of traditional equity investing with the cutting-edge blockchain technology. Robinhood Markets, on June 30, made headlines by unveiling tokenized stocks aimed at retail traders. Robinhood’s CEO, Vlad Tenev, hailed these tokenized equities as the most consequential innovation in capital markets in ages. …
Shares of Coinbase, the world's largest crypto exchange, have hit new highs as the company continues to lead a growing market and does so profitably.
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