{"id":128792,"date":"2025-05-07T22:18:35","date_gmt":"2025-05-07T22:18:35","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128792"},"modified":"2025-05-07T22:18:35","modified_gmt":"2025-05-07T22:18:35","slug":"robinhood-plans-blockchain-for-us-asset-trading-in-europe-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128792","title":{"rendered":"Robinhood plans blockchain for US asset trading in Europe \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBrokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.<br \/>\nAccording to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company&#8217;s local presence by offering trading of tokenized securities, such as stocks.<br \/>\nTwo 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.<br \/>\nTokenizing 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.<br \/>\nRobinhood 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.<br \/>\n\u201cYou can sit down in front of some software, create a coin and have it be trading in 5 minutes [&#8230;] That\u2019s a scary thing,\u201d Robinhood CEO Vladimir Tenev said in a recent interview. \u201cIt\u2019s also an incredibly powerful thing if you juxtapose it with how cumbersome the IPO process is.\u201d<br \/>\nRobinhood shares rose 2.7% on the Nasdaq on May 7, according to Google Finance. The company\u2019s revenue fell 8.6% in the first quarter of 2025, though it still beat Wall Street\u2019s estimates.<br \/>\nRobinhood\u2019s daily stock price. Source: Google FinanceBloomberg 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.<br \/>\nMore 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.<br \/>\nMagazine: Ethereum is destroying the competition in the $16.1T TradFi tokenization race<a href=\"https:\/\/cointelegraph.com\/news\/robinhood-blockchain-us-asset-trading-tokenization-europe?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBrokerage 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128792"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128792"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128792\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128792"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}