Macro strategist Raoul Buddy applauded Robinhood Markets‘ HOOD choice to introduce tokenized stock offerings on Monday, explaining it as “democratization of financing.”
What took place: In an X post, Buddy was responding to a video of Robinhood CEO Vlad Tenev presenting the so-called “stock tokens,” which will enable users in Europe to get direct exposure to U.S. personal business such as SpaceX and OpenAI
” Completion of public vs. personal markets is starting. Capital development too is more effective in crypto markets. Providing markets too,” Buddy stated.
The previous Goldman Sachs executive considered it as “democratization of financing” and anticipated that the pattern would just speed up from here.
See Likewise: Why Crypto Investors Are Getting Irs Caution Letters
Why It Matters: Robinhood revealed a suite of items throughout its occasion in France for its European clients. Apart from stock and ETF tokens, it presented cryptocurrency continuous futures for the EU area.
Disclosure: 82% of retail CFD accounts lose cash
The company has actually made a case to tokenize personal stocks, motivating policymakers to check out the untapped capacity of blockchains in the U.S. capital markets. It even proposed a federal structure to the SEC last month for bringing real-world possessions on-chain
A Few Of the most disruptive tech business in the U.S. are independently held, consisting of Elon Musk’s SpaceX and Sam Altman– established OpenAI SpaceX’s evaluation is approximated to be around $350 billion
Rate Action: Shares of Robinhood increased 3.12% in after-hours trading after closing 12.8% greater at $93.63 throughout Monday’s trading session, according to information from Benzinga Pro. Year-to-date, the stock has actually taken off more than 150%.
HOOD displayed high Momentum and Development ratings since this writing. Seeking to filter out the leading entertainers for a crypto-specific portfolio? Go to Benzinga Edge Stock Rankings.
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