TechFlow news, on July 8, according to The Block, Robinhood Markets is in discussions with multiple European regulatory authorities regarding its recently launched stock tokenization initiative. The company announced on June 30 that it would offer blockchain "stock tokens" of OpenAI and SpaceX to eligible European users, with plans to provide tokenized versions of over 200 U.S. stocks later this year. Robinhood CEO Vlad Tenev responded that these tokens are essentially derivatives designed to give retail investors market exposure rather than actual equity ownership. Despite regulatory scrutiny, on-chain data shows Robinhood has already issued approximately 215 stock tokens on the Arbitrum Layer 2 network and continues testing related contracts.
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