Source: Cointelegraph
Original: “Robinhood Proposes Rules to SEC for Tokenized Real World Assets (RWA)”
Robinhood has submitted a 42-page proposal to the U.S. Securities and Exchange Commission (SEC), calling for the establishment of a national framework to regulate tokenized real world assets (RWA).
According to a report by Forbes on May 20, the brokerage firm aims to modernize financial infrastructure by making tokenized assets legally equivalent to their traditional counterparts and enabling compliant on-chain settlements.
In the proposal, Robinhood also revealed plans to create a Real World Assets Exchange (RRE), a trading platform that offers off-chain trade matching and on-chain settlement to enhance efficiency and transparency.
Robinhood advocates for a unified federal standard to replace the current patchwork of state-level securities regulations. The platform will also integrate "Know Your Customer" (KYC) and Anti-Money Laundering (AML) tools in collaboration with partners like Jumio and Chainalysis to meet global compliance expectations.
A key feature of the proposal is the push for equivalence of tokenized assets. Under Robinhood's plan, for example, tokens representing U.S. Treasury bonds would be treated as the bonds themselves—rather than derivatives or synthetic products.
This would allow institutions and broker-dealers to handle tokenized real world assets within the existing regulatory framework, potentially simplifying custody, trading, and settlement processes.
Technically, according to Franklin Elevator's overview of the proposal, the RRE will be built on a dual-chain architecture based on Solana and Base. The system is designed to combine high-frequency off-chain trade matching with on-chain settlement.
Franklin Elevator stated that Robinhood expects the platform to achieve matching latencies of under 10 microseconds and throughput of up to 30,000 transactions per second.
This could reduce the standard settlement time for U.S. capital markets from T+2 to T+0, potentially lowering trading costs by about 30% annually.
Robinhood CEO Vlad Tenev stated, “Tokenization of real world assets represents a new paradigm for institutional asset allocation. Robinhood is committed to leading this trend within a compliant framework.”
Robinhood's proposal comes at a time when interest in tokenizing real world assets is resurging, with major players in traditional finance and the crypto space making headlines last week.
On April 30, BlackRock applied to create a blockchain-based share class for its $150 billion Treasury trust fund, allowing the digital ledger to reflect investor ownership. On the same day, Libre revealed plans to tokenize $500 million of Telegram debt through its new Telegram bond fund.
On May 1, MultiBank Group signed a $3 billion tokenization agreement with UAE real estate company MAG and blockchain provider Mavryk.
Hashgraph CEO Eric Piscini told Cointelegraph, “The recent surge is not coincidental. Everything is aligning. The rules in major markets are becoming clearer. The technology is more powerful, faster, and ready to scale. And the big players are indeed taking action.”
Related: SEC's Crenshaw says institutions are playing "regulatory Jenga" with the cryptocurrency industry.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
