Robinhood Stock Jumps 26% After Launching Tokenized US Equities, Acquiring Bitstamp

Key Points

1. Robinhood's share price rose nearly 26% following the launch of tokenized U.S. equities and ETFs for EU clients.

2. The company finalized its acquisition of Bitstamp, expanding its regulatory footprint and global licenses.

3. Robinhood's financials show strong growth, with a 60% revenue increase to $3.3 billion and high profitability margins.

4. EU regulators are scrutinizing Robinhood's tokenized stock products linked to private companies like OpenAI and SpaceX, which lack equity rights and clear legal protections.

5. Elon Musk criticized the tokenized equity products, calling them 'fake,' while legal experts warn of potential SEC action if launched in the U.S.