Robinhood is seeing an interest flow from private companies that eagerly explores their shares after the firm launched its token stock platform in the European Union last week.
On a Tuesday interview In Bloomberg News, CEO Vlad Tenev said the company has received a wave of requests from private companies looking to access their equity to retail investors Tokens based on blockchain on their platform.
“Because of our announcement, I had a huge flood of questions, private companies who really wanted to access retail to shower their shares and be part of this revolution,” he said.
Currently available only to the EU, the platform offers more than 200 tokenized US equities tradable five days a week. It also includes a promotional giveaway of non -traditional tokens that represent private companies such as Openai and Spacex.
Tenev said Robinhood’s long-term goal was to bring thousands of private companies to the platform. “We believe (this) is a great opportunity to solve one of the biggest inequality -equal to capital markets, which you have massive companies that remain private,” he said.
Related: Bitcoin, XRP, Sol Futures launches Robinhood
Robinhood’s tokenized platform faced with investigation
However, the Rollout was drawn the investigation. The Bank of Lithuania, which controls Robinhood in the EU, has requested clarification of how the tokens are structured. Tenev said the firm accepts the review.
“They want to make sure everything is valid because it is a new innovative offer. We are confident. We think it is not only important, but they can withstand the highest form of investigation,” he said.
Tokens are technically classified as derivatives under EU’s Crypto-Assets regulation markets (MICA) and markets in regulations on Financial Instruments Directive (MIFID). They are supported by the underlying properties held by US brokers, with tokens minted or burned while the users are purchased or selling.
Tenev confirmed that the company is in discussions with regulators in the US and UK, but the platform is not yet available in those markets. He said the US Securities and Exchange Commission (SEC) could have greenlight tokenization without the need for new law.
“The US should not be far behind. The opportunity is too big to ignore. Not only for retail but also institutional. And I think they are enthusiastic. They have tokenization roundtables in the SEC, which is part of us,” he said.
As reported, Galaxy Digital states that Robinhood’s tokenization transfer is removing genitals from traditional market channels and bringing them onchain, directly Challenging concentrated liquidity and activities that provide major traffi exchanges such as NYSE on their side.
Cointelegraph took Robinhood to comment but did not receive a response by publication.
Related: Tokenized equity is in the regulatory color -aboard zone – attorney
The tokenization market remains red-hot
Robinhood’s tokenization transfer came as pushing towards carrying onchain assets gets traction.
On Tuesday, technologies listed in NASDAQ listed in Nasdaq secure Up to $ 1.1 billion in funding from an unspecified institutional investor to support its plan to lease the goods market. The deal includes $ 100 million in elderly safely replaced debentures and a $ 1 billion line of credit equity.
In other news, the QCD Money Market Fund (QCDT), an integrated DMZ Finance and QNB initiative, has received Approval from the Dubai Financial Services Authority (DFSA), which has been the first tokenized funding of the currency market established at the Dubai International Financial Center (DIFC).
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