Blockchain trading: People wait in line at a pop-up kiosk for the online brokerage Robinhood along Wall Street. Tokenised securities are gaining popularity with international investors eager to participate in the growth of the US stock market. — AFP
CALIFORNIA: Robinhood Markets Inc is joining the growing push to trade US equities on the blockchain, making tokenised US securities available to 150,000 customers in 30 countries, 24 hours a day, five days a week.
The company will own the shares backing the tokens, a spokesperson said, and while token holders will have most of the benefits of the underlying security, including dividends, voting rights won’t be initially supported.
