Robinhood defends stock tokens amid EU probe, says more firms want in
2025-07-09 10:44:42
Main Idea
Robinhood's CEO defends the platform's new blockchain-based investment products amid regulatory scrutiny from the Central Bank of Lithuania, expressing confidence in their compliance and growing interest.
Key Points
1. Robinhood's CEO addressed the Central Bank of Lithuania's probe into the structure and marketing of its blockchain-based investment products.
2. The CEO expressed confidence that the products will hold up under regulatory review and emphasized their importance.
3. The products offer EU-based users exposure to shares of private companies like OpenAI and SpaceX, though they faced criticism after OpenAI's equity offer.
4. Despite pushback, the CEO noted increasing interest in the model, with many inquiries from private companies.
5. The products are considered derivatives under the EU MiCA framework but may qualify as tokens globally in the future.
Description
The trading platform’s CEO has spoken out in defense of the newly launched investment products, following news that regulators are taking a closer look. In a Tuesday interview with Bloomberg, Tenev addressed the ongoing probe led by the Central Bank of Lithuania, which is currently reviewing the structure and marketing of the blockchain-based investment products. According to the CEO, the firm is in discussions with the regulator and aims to prove the legitimacy of the stock tokens. He emphasize...
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