Robinhood expands crypto footprint globally

By Amelia Repke

In the past few years, stock tokenization has been short-lived in the development of the cryptocurrency market, with Mirror protocol being the most representative. Its platform provides users with various RWA products in the form of synthetic assets, including tokenized assets such as Tesla, Google, Apple, Microsoft, and other US stocks. Due to regulatory and market fluctuations, stock tokenization gradually fell silent.

It seems there are some signs that the promotion of tokenization in the US stock market will accelerate again. Recently, American securities giant Robinhood (HOOD. US) announced the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout. It is the company’s first move to make private equity accessible via blockchain.

The tokenized assets will be available exclusively through Robinhood’s EU crypto app, where more than 200 tokenized stocks and ETFs are now tradable 24 hours a day, five days a week with no commission or spread.

On the flip side, Robinhood is giving 5 euros worth of OpenAI and SpaceX tokens to every eligible user in the European Union who trades stock tokens by July 7. The company has allocated $1 million worth of OpenAI and $500,000 worth of SpaceX for the campaign.

Regulatory hurdles — particularly eligible investor restrictions still remain a major barrier to bringing tokenized private equity to the U.S. market. CEO Vlad Tenev has publicly called for changes, arguing that blockchain could unlock broader participation in private markets.

The launch of tokenized US stock and ETF trading in Europe indicates that the promotion of US stock tokenization will accelerate. It is expected to further force regulatory follow-up and promote the implementation of regulatory policies related to the tokenization of the US stock market.

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