Robinhood has submitted a 42-page proposal to the U.S. Securities and Trade Fee (SEC) requesting regulatory readability on the tokenization of real-world property (RWAs) and its potential software to on-chain inventory buying and selling.
In line with a Forbes report, the proposal, filed with the SEC’s Crypto Job Drive, outlines a framework for compliant issuance, custody, and buying and selling of tokenized property, aiming to modernize US capital markets.
Quantum Economics founder Mati Greenspan informed Forbes,
“This proposal might mark the primary time a U.S.-regulated dealer has laid out a viable path for bringing trillions of {dollars} in property onchain – with out compromising regulatory integrity.
If the SEC embraces this, it’s a sign to the world that tokenization has a reputable seat on the conventional finance desk.”
Robinhood’s plan contains federally licensed tokenized asset requirements, built-in Know Your Buyer (KYC) and Anti-Cash Laundering (AML) protocols, and a modified Kind S-1 for tokenized securities.
The deliberate Actual World Asset Trade (RRE) would function on the Solana (SOL) and Base blockchains.
Final month, Robinhood CEO Vlad Tenev mentioned that the tokenization of conventional property might safe the dominance of the US equities market.
“Tokenization of securities, which we’re very enthusiastic about, lets you have possession in corporations…
Stablecoins are seen rightly as an space that might enhance demand amongst people abroad as governments turn into susceptible to diversifying away from holding treasuries.
So in the identical means that stablecoin laws can sort of push ahead US greenback dominance, I feel tokenized securities can actually push ahead US firm dominance within the international market.”
At time of writing, the SEC has but to challenge a proper response.
Observe us on X, Fb and Telegram
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Verify Worth Motion
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate marketing online.
Featured Picture: Shutterstock/House Wind
