Key Points
Robinhood (NASDAQ: HOOD) launched its blockchain, Robinhood Chain, on July 1, aiming to facilitate trading in tokenized stocks. By late July, real-world assets on the platform, including tokenized stocks, reached approximately $70 million.
The total trading volume on the blockchain has tripled since mid-July, with over a dozen tokenized stocks each recording daily trading volumes exceeding $500,000. Popular tokenized stocks like GameStop, Nvidia, and SpaceX contributed to a combined trading volume of around $47 million.
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