The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Efforts to tokenize pre-IPO stocks, like what Robinhood is doing with OpenAI, may help unlock liquidity in private markets, but the structure likely qualifies as a security, carries bankruptcy risk and could spark lawsuits over shareholder agreement breaches.
The ARK Innovation ETF (ARKK) offloaded 16,627 Coinbase Global shares and 58,504 Robinhood Markets shares on Thursday.
Robinhood Crypto is under investigation in Florida for allegedly misrepresenting itself as the 'least expensive way to purchase crypto.'
Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.
Vlad Tenev told CNBC that these tokens are technically not equity, but provide similar exposure.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Regulatory tailwinds are set to usher in an "equity tokenization wave," according to analysts at research and brokerage firm Bernstein.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"Any transfer of OpenAI equity requires our approval — we did not approve any transfer,” the company said in a statement.
Ether climbs to $2,601 as institutional narratives strengthen following bullish ETF commentary and Robinhood’s L2 blockchain development on Arbitrum.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood quietly minted 213 tokenized shares on Arbitrum for only $5 in gas as it opens onchain-powered stock trading to EU users.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood announced an expansion into tokenized equities, crypto perpetual futures, and plans for an Ethereum Layer 2 blockchain.
Robinhood’s stock (HOOD) reached a new all-time high (ATH) after it revealed plans to launch several innovative products, including its own Layer 2 blockchain, tokenized stocks offering, perpetual futures trading, and crypto staking services. Following the news, the stock surged approximately 11% to $92, a new all-time high for the firm. This extends a growth […]
The post Robinhood unveils crypto-heavy roadmap that lifts stock to all-time high appeared first on CryptoSlate.
The tokenized versions of U.S.-listed stocks and ETFs will first be available to EU users and issued on Arbitrum, with future plans to deploy them on on Robinhood's own blockchain.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
It wasn't completely clear if Tenev was only addressing those in attendance or any new Robinhood user in the EU.
Robinhoood has also launched perpetual futures in the EU and the staking of Ethereum and Solana in the U.S.
The move expands its existing crypto futures offering to its nearly 26 million funded accounts.
Micro futures enable traders to speculate on price movements with lower capital requirements and reduced risk compared to standard futures.
The firm had earlier sold Circle shares in three tranches.
A DPRK-linked group is using fake job sites and Python malware to infiltrate Windows systems of blockchain professionals — with credential theft and remote access as the endgame.
The move could pit the crypto exchange against Robinhood and Schwab.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
The Cathie Wood-led investment firm bought 4,486,560 Circle shares for its Innovation, Next Generation Internet, and Fintech Innovation funds.