Following Robinhood's launch of its tokenized stock platform in Europe, private companies are showing increased interest in tokenizing their shares. Meanwhile, BioSig and Streamex have secured funding to create a gold-backed platform.
Launch of Robinhood's Tokenized Platform
Robinhood has reported significant demand from private companies for share tokenization following the launch of its platform in the European Union. CEO Vlad Tenev noted that he has had a flurry of inquiries from private firms eager to tokenize their shares and attract new investors.
"Since our announcement, I've had a deluge of inquiries," Tenev said.
Expanding Access to Private Equity
Tenev indicated that Robinhood's goal extends beyond merely offering tokenized public stocks. The company aims to bring thousands of private firms onto its platform, creating new opportunities for retail investors.
"We believe this is a huge opportunity to resolve one of the biggest inequities in capital markets," Tenev emphasized.
Funding for Tokenized Gold by BioSig and Streamex
BioSig Technologies and Streamex have secured $1.1 billion to launch a gold-backed onchain platform, marking a significant step into the tokenized commodities space. The companies plan to introduce blockchain-based financial products related to gold, competing with Paxos Gold and Tether Gold.
BioSig CEO and Streamex co-founder Henry McPhie stated that their model will differ from competitors.
The launch of Robinhood's tokenized platform and the funding for BioSig and Streamex highlight the growing interest in asset tokenization and expanding investment opportunities for retail investors.
