Robinhood launches EU tokenized stock platform, attracting private companies to join regulatory debate

After digital brokerage Robinhood recently launched a tokenized stock trading platform in the European Union, it has received inquiries from unlisted companies about joining.
On the 8th (local time), Robinhood CEO Vlad Tenev said in an interview with Bloomberg that "we want to connect with retail investors."
"We are receiving a flood of inquiries from unlisted companies who want to buy and sell stocks," he said. The platform supports blockchain-based stock token trading and currently trades over 200 U.S. stocks.
Trading is available five days a week, with non-traded promotional tokens based on shares of private companies such as OpenAI and SpaceX.
"We expect thousands of private companies to be listed on the platform in the long term," Tenev said. "This is a way for private investors to gain access to large private companies."
"It's an opportunity to address the inequality in the capital markets that has prevented many from accessing them," he said. But the launch of the platform has also attracted the attention of EU regulators. Robinhood was registered in Europe.
The Central Bank of Lithuania, the jurisdiction in which the token was issued, reportedly requested a clarification of the token structure. In response, CEO Tenev said, "We welcome the consideration. We believe that this innovation will be implemented at the strictest level.
"We are confident that these tokens will be able to withstand the regulatory review under the EU Markets in Crypto Assets Regulation (MiCA) and the Markets in Financial Instruments Directive (MiFID)," he said.
In terms of the trading structure, the actual shares are held by a broker in the United States, and tokens are minted or burned in response to users' purchases and sales.