Robinhood plans to launch a blockchain based US stock trading platform in Europe

According to Bloomberg, Robinhood is developing a new blockchain based platform that plans to allow European users to trade tokenized assets of US securities. The platform may be based on the Arbitrum, Ethereum, or Solana blockchain and built in collaboration with a digital asset company. The news points out that with the increasingly clear regulatory environment in Europe, asset tokenization has become a popular direction for traditional financial institutions to expand into the cryptocurrency market.