Robinhood has announced a new partnership with Arbitrum to launch tokenized stocks and ETFs for users in the European Union.
Robinhood and Arbitrum Partnership
The partnership between Robinhood and Arbitrum involves the launch of tokenized ETFs and stocks for users residing in the EU jurisdiction. This development allows traders to access the relevant ETFs and stocks through Arbitrum’s platform without restrictions.
Benefits for EU Users
With the launch of tokenized stocks, traders will be able to conduct trades via blockchain, a significant step for the crypto community. Robinhood’s CEO, Vlad Tenev, noted that this confirms that cryptocurrency has become not just a tradable asset, but a fundamental infrastructure layer.
Looking to the Future of Financial Technology
Arbitrum co-founder Steven Goldfeder highlighted the importance of this partnership, emphasizing its goal to improve financial mechanisms to make them more efficient and accessible. This collaboration is expected to ease access for a new number of users to financial services, integrating cryptocurrency as a core foundation for finance.
Thus, the cooperation between Robinhood and Arbitrum could significantly impact the financial sector by bringing innovation and improving accessibility for users in Europe.
