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Robinhood Plans To Launch ‘Military Grade’ Chain Optimized for Real-World Assets, Says CEO Vlad Tenev

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Credit : dailyhodl.com

The CEO of Robinhood, Vlad Teev, says that the Handelsapp big is planning to launch a really protected blockchain for Actual-World property (RWAS).

In a brand new interview on Bloomberg Tv, Teev out That Robinhood works diligently in launching his personal blockchain for RWAS, the tokenization of conventional property on distributed leds, or the problem of conventional asset lessons within the type of digital tokens.

“We have now labored on our personal chain, the Robinhood chain, and we’ve been to work arduous. We wish to drive the underlying infrastructure and all Defi components (decentralized funds) components. We wish it to be one of the best chain that’s optimized for Actual-World Activa, which I feel is a vital available in the market.

And for that it should be protected, in precept, army high quality, it should be quick, low prices. So we felt that it did not actually exist. And so we’re delighted to deliver that to the market. ”

Tenev additionally says that the corporate has already launched tokenized variations of US listed shares and listed funds (ETFs) with the assistance of the Layer-2 Scaling Resolution Arbitrum (ARB) for its clients within the European Union.

In line with Robinhood, European clients now have access As much as greater than 200 US shares and ETF tokens.

“With tokenized shares, our European app switches from a crypto-all app to an all-in-one funding app powered by crypto.”

https://www.youtube.com/watch?v=LaAXA25VNJW

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