Robinhood in Talks with European Regulators Over Stock Tokenization Plans

On July 8, The Block reported that Robinhood Markets is in discussions with several European regulatory agencies regarding its newly launched stock tokenization program. The company announced on June 30 that it would offer blockchain "stock tokens" of OpenAI and SpaceX to eligible European users, and plans to offer tokenized versions of more than 200 U.S. stocks later this year. Robinhood CEO Vlad Tenev responded that these tokens are actually derivatives designed to provide retail investors with market exposure, rather than actual equity. Despite facing scrutiny, on-chain data shows that Robinhood has issued approximately 215 stock tokens on the Arbitrum Layer 2 network and continues to test related contracts. [Deep Tide TechFlow]