Robinhood Plans To Launch ‘Military Grade’ Chain Optimized for Real-World Assets, Says CEO Vlad Tenev
The CEO of Robinhood, Vlad Tenev, says that the buying and selling app big is planning to launch a extremely safe blockchain for real-world belongings (RWAs).
In a brand new interview on Bloomberg Tv, Tenev says that Robinhood is working diligently on launching its personal blockchain for RWAs, the tokenization of conventional belongings on distributed ledgers, or the issuance of conventional asset lessons within the type of digital tokens.
“We’ve got been engaged on our personal chain, the Robinhood chain, and we’ve been laborious at work. We’d wish to have that powering the underlying infrastructure and all of the DeFi (decentralized finance) parts. We wish it to be the most effective chain optimized for real-world belongings, which I feel is a crucial area of interest that’s lacking out there.
And for that, it needs to be safe, mainly, navy grade safety, it needs to be quick, low price. So we felt like that didn’t actually exist. And so, we’re excited to deliver that to market.”
Tenev additionally says the corporate has already launched tokenized variations of US-listed shares and exchange-traded funds (ETFs) utilizing the layer-2 scaling answer Arbitrum (ARB) for its prospects within the European Union.
In accordance with Robinhood, European prospects now have access to greater than 200 US inventory and ETF tokens.
“With tokenized shares, our European app transitions from being a crypto-only app to an all-in-one funding app powered by crypto.”
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