Robinhood plans to develop infrastructure for stock tokenization.

Gate News bot message, Robinhood is building a team to develop the infrastructure for tokenizing US stocks. According to the team’s recruitment information, the project is positioned as a universal underlying infrastructure, supporting not only internal applications but also other project parties for access, and belongs to the L2 track product.

Robinhood’s idea of tokenizing U.S. stocks is closely tied to its business development history. As a platform that started with stock trading, Robinhood has now expanded into cryptocurrency trading and is offering cryptocurrency custody services in 2023.

Given Robinhood’s existing layout in the brokerage business and the cryptocurrency field, this shift to the U.S. stock tokenization track marks another practice of the integration of traditional finance and blockchain technology.

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