Robinhood, the well-known trading platform, has submitted a proposal to the SEC calling for a unified regulatory framework for tokenized real-world assets, including Treasury bonds and real estate.
Robinhood's Proposal
In its 42-page filing, Robinhood urges for clear, unified rules for tokenized assets in the U.S. The company believes this will simplify processes and protect investors.
Benefits of Tokenizing Assets
Central to their plan is the Real World Asset Exchange (RRE), utilizing Solana and Base blockchains. RRE is expected to handle up to 30,000 transactions per second with instant settlement capabilities, potentially reducing settlement times and the number of intermediaries.
Tokenization Trends in the Crypto Space
The tokenization of real assets is becoming an increasingly hot topic in the crypto sphere. In 2024 alone, the total value of tokenized assets has more than doubled, highlighting the interest from major players such as BlackRock.
Robinhood's proposal could reshape the approach to integrating traditional finance with blockchain, setting potential standards for the regulation of tokenized assets.
