Robinhood launches stock tokens and crypto tools in EU

Robinhood has launched tokenised versions of over 200 US-listed equities and exchange-traded funds (ETFs) for its customers in the European Union. 

The tokens, which include exposure to companies such as Apple, Nvidia and Microsoft, are available for trading five days a week on a 24-hour basis. The announcement was made during the company’s keynote event in France. A representative from Robinhood said the company intends to extend its offering to include stock tokens tied to privately held firms, starting with OpenAI and SpaceX. These tokens will be issued via a partnership with blockchain infrastructure provider Arbitrum.

Tokenised equities combine elements of traditional finance with blockchain-based trading. They are gaining…

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