TechFlow news, November 19 — According to Cryptopolitan, fintech giant Robinhood has announced a three-phase plan to enable permissionless tokenized stocks via Arbitrum Stylus technology for use by DeFi application users.
According to AJ Warner, Head of Strategy at Offchain Labs, the final phase of the plan will make stock tokens fully permissionless, allowing users to utilize these tokens across various decentralized applications (dApps). In the current first phase, users in the European Union can purchase tokenized versions of approximately 800 publicly traded securities through the Robinhood app, although they cannot transfer them outside the app.
The second phase will focus on infrastructure development, with Robinhood leveraging its $200 million-acquired Bitstamp platform to enable round-the-clock trading of tokenized stocks. In the third phase, users will be able to withdraw permissionless assets to external wallets and use them within decentralized protocols such as Aave.
