INSUBCONTINENT EXCLUSIVE:
like the NYSE, undermining their core revenues from trading fees and market data, according to Galaxy Digital.At the EthCC conference this
The blockchain will let users trade tokenized derivatives of stocks directly onchain, moving asset trading outside traditional exchange
hours.Tenev explained that a new token engine operating on the Robinhood Chain will provide users with tokenized derivatives of their
stocks custodied by a US broker-dealer, Robinhood will offer users near-instant settlement and 24/5 trading at first, with 24/7 trading
ability to capture all transaction fees
Galaxy estimates Base generates over $150,000 in daily sequencer fees for Coinbase.By operating the sequencer for Robinhood Chain while
report said.Notably, the appeal of tokenized assets extends beyond 24/7 trading
Programmability could allow uses like using tokenized stocks as collateral in DeFi protocols or automating dividends, features that
risks for retail investors, who may wake up to sharp price moves outside regular hours.Furthermore, regulatory uncertainty remains a
model.The Securities Industry and Financial Markets Association (SIFMA) has already urged the SEC to reject trading of tokenized equities
outside the Regulation NMS framework.Magazine: Fake JD stablecoins, scammers impersonate Solana devs: Asia Express
