Robinhood Revolutionizes EU Trading with Tokenized U.S. Stocks

Robinhood made headlines on Monday, announcing the launch of its innovative tokens which allow European Union customers to trade over 200 U.S. stocks and ETFs around-the-clock, five days a week. This new offering includes industry titans like Nvidia, Apple, and Microsoft.

This commission-free token trading, conducted in partnership with blockchain firm Arbitrum, has sent Robinhood's shares soaring by 6.6%, hitting record highs. The company is capitalizing on the growing global interest in the U.S. stock market, bolstered by significant players in the technology and Artificial Intelligence sectors.

By mixing traditional finance with crypto-like trading, these tokenized equities are breaking barriers for international investors, offering greater access, flexible trading hours, and reduced costs. Robinhood's expansion includes the development of its blockchain, aiming for 24/7 trading hours and thousands of stock tokens by year-end, as shared by CEO Vlad Tenev in France.

(With inputs from agencies.)