tldr; Robinhood is entering the tokenized stocks market, allowing users to trade stock tokens on blockchain platforms like Arbitrum, an Ethereum layer 2. Tokenized stocks represent shares of stock, enabling 24/7 trading and reducing costs by eliminating intermediaries. Kraken is also offering tokenized stocks via its XStocks program on Solana. These systems aim to enhance liquidity and integrate crypto and traditional assets, signaling a shift in the financial system over the next five years.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
itsaBazinga on
All my homies still hate Robinhood.
FaustianPact on
Now you less rights to a share than a “beneficial owner” !!
oldbluer on
Can anyone tell how they will prevent someone else tokenizing the same stock? I still can’t find any information on this. If they keep it centralized it, I see how it’s possible. They issue a token for the stock RH holds. If the system is decentralized, I do not see how it is possible.
burnshimself on
A solution searching for a problem… useless
Overloader6 on
Fuck Robinhood
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But I’m not diving into Robinhood.
tldr; Robinhood is entering the tokenized stocks market, allowing users to trade stock tokens on blockchain platforms like Arbitrum, an Ethereum layer 2. Tokenized stocks represent shares of stock, enabling 24/7 trading and reducing costs by eliminating intermediaries. Kraken is also offering tokenized stocks via its XStocks program on Solana. These systems aim to enhance liquidity and integrate crypto and traditional assets, signaling a shift in the financial system over the next five years.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
All my homies still hate Robinhood.
Now you less rights to a share than a “beneficial owner” !!
Can anyone tell how they will prevent someone else tokenizing the same stock? I still can’t find any information on this. If they keep it centralized it, I see how it’s possible. They issue a token for the stock RH holds. If the system is decentralized, I do not see how it is possible.
A solution searching for a problem… useless
Fuck Robinhood