Robinhood Launches Tokenized US Stocks, ETFs for EU Customers, Partners with Arbitrum

Robinhood Markets Inc. (NASDAQ:HOOD) is one of the high profit margin stocks to buy now. On June 30, Robinhood announced the launch of new tokens that will enable its European Union/EU customers to trade over 200 US stocks and ETFs. This includes popular companies like NVIDIA Corp. (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), and Microsoft Corp. (NASDAQ:MSFT).

These commission-free tokens can be traded around the clock, 5 days a week. Robinhood also plans to expand this offering to include tokens linked to stocks of privately held companies. The tokens are being issued through a partnership with the blockchain firm Arbitrum, though Robinhood intends to eventually develop its own Layer 2 blockchain to support 24/7 trading and self-custody.

Robinhood Launches Tokenized US Stocks, ETFs for EU Customers, Partners with Arbitrum

A successful business person confidently managing their finances on a mobile device.

Tokenized equities blend traditional finance with crypto-like trading and are gaining traction among international investors. While these tokens could alter the securities investing landscape, they currently face a lack of clear regulatory guidelines in the US.

Robinhood Markets Inc. (NASDAQ:HOOD) operates a financial services platform in the US that allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.

While we acknowledge the potential of HOOD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.