Robinhood don tokenize 493 US stocks & ETFs for Arbitrum
Robinhood don expand their RWA tokenization program for Arbitrum L2, dem issue 80 new stock tokens now total reach 493 US stocks and ETFs wey value pass $8.5 million dey on-chain. According to Dune Analytics, dem don mint worth $19.3 million, burn $11.5 million show say trading still hot. Under MiFID II, these blockchain-based derivatives make people fit access anytime 24/7, minimum investment na €1, plus dem charge 0.1% forex fee. Stocks now make 70% of all tokenized assets, ETFs stand for 24%, others na commodities, crypto ETFs and US Treasuries. Bank of Lithuania wan clear legal issues on how token structure be, Robinhood promise to cooperate. This tokenization move follow micro futures launch for BTC, XRP and SOL, the $179 million WonderFi acquisition plus one proposed arrangement for RWA wey dem file for US SEC.
Bullish
Robinhood dey expand tokenization and introduce new micro futures wey dey boost liquidity and trading options. Dem join 493 stock and ETF tokens for Arbitrum show say institutional people dey adopt blockchain derivatives more. The launch of BTC, XRP, and SOL micro futures plus the proposed RWA framework with SEC don make market infrastructure better. These developments fit make demand and price support for the cryptocurrencies wey dem mention increase both short term and long term.