Crypto News Robinhood plans blockchain for US asset trading in Europe — Report

  • Please we urge all unregistered users to swiftly register to enable you enjoy loads of benefits rollingout in our community. Be open to opportunities to do good for someone else today. Anything that do not please God in your life has come to distroy you.

Emmanuel

Member
Premium User
Oct 10, 2023
497
2
18
34
Lagos Nigeria
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/im...jN2UtOGIwYy03MDMzLWFmMTQtZWE5YjY0MjVkY2Rl.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/im...jN2UtOGIwYy03MDMzLWFmMTQtZWE5YjY0MjVkY2Rl.jpg" alt="Robinhood plans blockchain for US asset trading in Europe — Report"></p><p>Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.<p><a data-ct-non-breakable="null" href="https://www.bloomberg.com/news/arti...-plan-blockchain-to-trade-us-assets-in-europe" rel="null" target="null" text="null" title="https://www.bloomberg.com/news/arti...-plan-blockchain-to-trade-us-assets-in-europe">According</a> to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks. </p><p>Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on a blockchain.</p><p>Tokenizing securities instead of providing direct exposure can offer several advantages: reduced costs by eliminating traditional financial infrastructure, enhanced accessibility, faster settlement times, and quicker transactions. More brokerages and investment firms are exploring asset tokenization.</p><iframe width="100%" height="315" src="
" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p>Robinhood has been preparing to enter the European market. In April 2025, it acquired a brokerage license in Lithuania that <a data-ct-non-breakable="null" href="https://www.connectingthedotsinfin.tech/us-giant-robinhood-is-coming-to-europe/" rel="null" target="null" text="null" title="null">allow</a>s the firm to offer investment services throughout the European Union. Robinhood <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/robinhood-buy-bitstamp-crypto-exchange" rel="null" target="null" text="null" title="null">has also inked a deal in 2024 to purchase crypto exchange Bitstamp</a>.</p><p>“You can sit down in front of some software, create a coin and have it be trading in 5 minutes [...] That’s a scary thing,” Robinhood CEO Vladimir Tenev <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-shows-tokenizing-private-stocks-powerful-robinhood-ceo" rel="null" target="null" text="null" title="null">said in a recent interview</a>. “It’s also an incredibly powerful thing if you juxtapose it with how cumbersome the IPO process is.”</p><p>Robinhood shares rose 2.7% on the Nasdaq on May 7, according to Google Finance. The company’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/robinhood-beats-estimates-q1-revenue-dip" rel="null" target="null" text="null" title="https://cointelegraph.com/news/robinhood-beats-estimates-q1-revenue-dip">revenue fell 8.6% in the first quarter of 2025</a>, though it still beat Wall Street’s estimates.</p><figure><img alt="Robinhood plans blockchain for US asset trading in Europe — Report" src="https://s3.cointelegraph.com/uploads/2025-05/0196ac75-e022-7379-8fe6-486502878588" title=""><figcaption style="text-align: center;"><em>Robinhood’s daily stock price. Source: </em><a data-ct-non-breakable="null" href="https://www.google.com/finance/quote/HOOD:NASDAQ" rel="nofollow noopener" target="_blank" text="null" title="https://www.google.com/finance/quote/HOOD:NASDAQ"><em>Google Finance</em></a></figcaption></figure><p>Bloomberg reports that no agreement has been finalized between the brokerage and either Arbitrum or Solana regarding the project, with all three parties declining to comment.</p><p>More traditional financial firms are exploring blockchain-based solutions. In May 2018, Banco Santander became the first company <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/banc...st-practical-blockchain-investor-voting-pilot" rel="null" target="null" text="null" title="null">to use a blockchain for investor voting</a>, while US giant JP Morgan has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/jpmo...rialize-blockchain-pocs-from-project-guardian" rel="null" target="null" text="null" title="null">created its blockchain platform</a> called Onyx.</p><p><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/...ome-assholes-to-win-tradfi-tokenization-race/" rel="null" target="null" text="null" title="null"><em><strong>Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template><p><br><br></p></p>
</p>

840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmFjN2UtOGIwYy03MDMzLWFmMTQtZWE5YjY0MjVkY2Rl.jpg



Robinhood plans blockchain for US asset trading in Europe — Report

Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.
According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks.

Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become partners in the project. Tokenization is the process of turning real-world assets, like stocks, real estate, or commodities, into digital tokens that can be traded on a blockchain.

Tokenizing securities instead of providing direct exposure can offer several advantages: reduced costs by eliminating traditional financial infrastructure, enhanced accessibility, faster settlement times, and quicker transactions. More brokerages and investment firms are exploring asset tokenization.


Robinhood has been preparing to enter the European market. In April 2025, it acquired a brokerage license in Lithuania that allows the firm to offer investment services throughout the European Union. Robinhood has also inked a deal in 2024 to purchase crypto exchange Bitstamp.

“You can sit down in front of some software, create a coin and have it be trading in 5 minutes [...] That’s a scary thing,” Robinhood CEO Vladimir Tenev said in a recent interview. “It’s also an incredibly powerful thing if you juxtapose it with how cumbersome the IPO process is.”

Robinhood shares rose 2.7% on the Nasdaq on May 7, according to Google Finance. The company’s revenue fell 8.6% in the first quarter of 2025, though it still beat Wall Street’s estimates.

Robinhood plans blockchain for US asset trading in Europe — Report

Robinhood’s daily stock price. Source: Google Finance

Bloomberg reports that no agreement has been finalized between the brokerage and either Arbitrum or Solana regarding the project, with all three parties declining to comment.

More traditional financial firms are exploring blockchain-based solutions. In May 2018, Banco Santander became the first company to use a blockchain for investor voting, while US giant JP Morgan has created its blockchain platform called Onyx.

Magazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race

Continue reading...
 

BSF For Soul Wining Support Donation

Total amount
$0.00
Goal
$1,000.00
Donation ends: