Robinhood Markets Inc. is working on a blockchain-based platform that would give individual investors in Europe access to U.S. stocks, according to news from Bloomberg.
This new initiative, which is being developed, will be implemented through a partnership with a company from the digital asset sector.
According to two sources familiar with the matter, leading networks such as Arbitrum and Solana are being considered for Robinhood’s planned blockchain platform. While Arbitrum is a layer-2 solution built on Ethereum, Solana stands out as an independent blockchain network known for its high transaction speed.
It is stated that the talks are still ongoing and no definitive agreement has been reached yet. While the details of the project remain confidential, this move is considered as part of Robinhood’s strategy of global expansion and more effective use of blockchain technologies.
Robinhood has not yet made an official statement on the matter.
The tokenization of real-world assets has also caught the attention of Wall Street giants like BlackRock, who hope to provide more people around the world with exposure to U.S. markets.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/just-in-robinhood-to-bring-us-stocks-to-europe-via-blockchain-here-are-the-two-altcoin-networks-it-plans-to-use/