Robinhood sees an increase in the interests of private companies wishing to tokensize their actions after the company launched its actions token platform in the European Union last week.
In an interview with Tuesday with Bloomberg News, CEO Vlad Tenev said that the company had received a wave of private companies requests to make their equity accessible to retail investors via tokens based on blockchain on their platform.
“Since our announcement, I have had a deluge of requests for information, private companies that really want to access the retail to have their actions in Tokenized and be part of this revolution,” he said.
Currently available only in the EU, the platform offers more than 200 American actions in tokenized five days a week. It also included a promotional gift of non -trafficking tokens representing private companies like Openai and SpaceX.
Tenev said that Robinhood’s long-term objective is to put thousands of private companies on the platform. “We believe [this] is a huge opportunity to resolve one of the greatest inequalities in capital markets, which is the fact that you have these massive companies that remain private longer, “he said.
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Robinhood’s tokenized platform faces a meticulous examination
However, deployment has a meticulous examination. The Lithuania Bank, which regulates robination in the EU, asked for clarification on the structure of the tokens. Tenev said the company is hosting the exam.
“They want to ensure that everything is appropriate because it is a new innovative offer. We are confident. We think they are not only important, but they will resist the highest control form,” he said.
The tokens are technically classified as derivatives within the framework of regulations on the EU markets (MICA) and the regulations on the Directive of Financial Instruments (MIFID). They are supported by underlying assets held by American brokers, with tokens struck or burned when users buy or sell.
Tenev confirmed that the company was in discussion with regulators in the United States and the United Kingdom, but the platform is not yet available on these markets. He thinks that the American Commission for Securities and Exchange (SEC) has the power of light tokenization without requiring new legislation.
“The United States should not be far behind. The opportunity is too important to ignore. Not only for retail but also institutional. And I think they are passionate. They have round tokenization tables, which we have been a part,” he said.
As indicated, Galaxy Digital said that the Robinhood tokenization movement removes the assets of traditional market channels and brings them to onchain, which directly puts into concentrated liquidity and activity that give major trade such as nyse.
Cointelegraph stretched out Robinhood to comment but had not received an answer by publication.
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The tokenization market remains hot
Robinhood’s tokenization movement occurs while the push to bring assets to onchain is gaining ground.
On Tuesday, Biosig technologies, listed at NASDAQ, obtained funding up to $ 1.1 billion in funding from an unhappy institutional investor to support its Tokenize plan on the raw materials market. The agreement includes 100 million dollars in convertible debentures guaranteed for seniors and a stock line of $ 1 billion.
In other news, the QCD Money Market Fund (QCDT), a joint DMZ Finance and QNB initiative, received approval from the Dubai Financial Services Authority (DFSA), becoming the first tokenized monetary market fund established at the Dubai International Center (DIFC).
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