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Robinhood Launches Tokenized Stocks in Europe
Robinhood Markets (NASDAQ: HOOD) has launched its tokenized stocks platform targeting European users this month. The platform allows investment in tokenized versions of both public and private companies, facilitating near-instant transaction settlements and 24/7 trading capabilities.
Market Potential
The Boston Consulting Group estimates the market for tokenized real-world assets, including stocks, could reach approximately $16.1 trillion by 2030. Currently, only around $22 billion in assets are tokenized on blockchain, with $528 million attributable to stocks. As tokenization gains traction, Robinhood aims to capitalize on this emerging trend.
Solana’s Advantage
Solana (CRYPTO: SOL) has emerged as a prominent platform for tokenized stock trading, processing thousands of transactions per second at low costs. The value of tokenized assets on Solana has increased by 140% as of mid-July, reaching over $101.6 million, suggesting a promising future for tokenized equities on its network.
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