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    1. coinfeeds-bot on

      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.

    2. 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.

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