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Robinhood Markets Inc. is developing a blockchain-based platform that will allow retail investors in Europe to trade US securities such as stocks, according to two people familiar with the matter.
The venture will be likely launched through a partnership with a digital-asset firm, according to the people. Arbitrum, a blockchain that is overlaid on Ethereum, and Solana, another popular blockchain, have both been under consideration for the partnership, they said.
“I think tokenized securities can really push forward US company dominance in the global market,” Tenev said in the podcast. “Right now, it’s very difficult to invest in a US company if you’re overseas.”
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