Robinhood has submitted a 42-page proposal to the U.S. Securities and Trade Fee (SEC) requesting regulatory readability on the tokenization of real-world property (RWAs) and its potential software to on-chain inventory buying and selling.
In accordance with a Forbes report, the proposal, filed with the SEC’s Crypto Job Power, outlines a framework for compliant issuance, custody, and buying and selling of tokenized property, aiming to modernize US capital markets.
Quantum Economics founder Mati Greenspan advised Forbes,
“This proposal might mark the primary time a U.S.-regulated dealer has laid out a viable path for bringing trillions of {dollars} in property onchain – with out compromising regulatory integrity.
If the SEC embraces this, it’s a sign to the world that tokenization has a respectable seat on the conventional finance desk.”
Robinhood’s plan consists of federally licensed tokenized asset requirements, built-in Know Your Buyer (KYC) and Anti-Cash Laundering (AML) protocols, and a modified Kind S-1 for tokenized securities.
The deliberate Actual World Asset Trade (RRE) would function on the Solana (SOL) and Base blockchains.
Final month, Robinhood CEO Vlad Tenev stated that the tokenization of conventional property might safe the dominance of the US equities market.
“Tokenization of securities, which we’re very enthusiastic about, lets you have possession in corporations…
Stablecoins are seen rightly as an space that might improve demand amongst people abroad as governments change into liable to diversifying away from holding treasuries.
So in the identical means that stablecoin laws can sort of push ahead US greenback dominance, I believe tokenized securities can actually push ahead US firm dominance within the international market.”
At time of writing, the SEC has but to situation a proper response.
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