Robinhood to Launch 24/7 Trading and DeFi Access in Europe
Robinhood CEO Vlad Tenev highlights tokenization as a solution for real-time settlement, unveiling over 2,000 dividend-yielding U.S. stock tokens for European investors with DeFi and continuous trading plans.
Summary
Robinhood CEO Vlad Tenev announced that tokenization can solve real-time settlement challenges in stock markets. In its European rollout, the company has introduced over 2,000 tokens representing U.S.-listed stocks, providing holders with dividend rights. Robinhood plans to enable 24/7 tokenized stock trading and incorporate decentralized finance (DeFi) services with self-custody in the coming months, aiming to expand investor autonomy and market accessibility.
Terms & Concepts
- Tokenization: The process of converting rights to an asset into a blockchain-based digital token, enabling more efficient transfer and settlement.
- DeFi: Short for decentralized finance, it refers to blockchain-based financial services that operate without traditional intermediaries.
- Self-custody: The practice of holding and managing one’s own digital assets without reliance on a third-party custodian.