Robinhood Presses SEC for Clarity on Tokenizing RWAs in Bid for On-Chain Stock Trading: Report

Robinhood has submitted a proposal of 42 pages to the US Securities and Trade Fee (SEC) to request regulatory readability concerning the tokenization of Actual-World belongings (RWAS) and its potential request for inventory buying and selling on chains.

In keeping with a forbes reportThe proposal, submitted to the Crypto Process Power of the SEC, outlines a framework for conforming, custody and commerce of Tokenized belongings, aimed toward modernizing American capital markets.

Quantum Economics Founder Mati Greenspan advised Forbes,

“This proposal is feasible the primary time {that a} US-regulated dealer has set a viable path to deliver trillions of {dollars} to assets-inchain with out jeopardizing the integrity of the rules.

If the SEC embraces this, it’s a sign for the world that tokenization has a authentic chair on the conventional monetary desk. “

Robinhood’s plan consists of federally licensed tokenized asset requirements, built-in know your buyer (KYC) and anti-money laundry protocols (AML) and a modified kind S-1 for tokenized results.

The deliberate actual World Asset Trade (RRE) would work on the Solana (SOL) and Base Blockchains.

Final month Robinhood CEO Vlad Teev stated that the tokenization of conventional belongings might assure the dominance of the US inventory market.

“Tokenization of results, which we’re very smitten by, means that you can be the proprietor of firms …

Stablecoins are rightly seen as an space that would enhance demand from people overseas, as a result of governments turn out to be delicate to diversification of holding treasury.

So in the identical method that the Stablecoin laws can proceed the US greenback dominance, I believe that tokenized results can actually proceed the American firm dominance on the world market. “

On the time of writing, the SEC shouldn’t give a proper reply but.

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