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AI & Enterprise

Robinhood CEO says crypto future depends on tokenising real-world assets

Robinhood CEO Vlad Tenev said growth in the cryptocurrency industry depends on putting real-world assets on-chain. In a CNBC interview, he said the future of crypto lies in real-world assets and that assets not tied to underlying utility are not productive. Robinhood launched its Stock Token service, letting eligible users trade tokenised stocks 24 hours a day, and plans to use them as collateral across DeFi.

Crypto

Binance expands U.S. stock trading abroad, plans tokenised bStocks

Binance has started offering trading in about 7,000 U.S.-listed stocks and exchange-traded funds outside the United States. Users can manage cryptocurrencies and stocks through a single Binance account and buy fractional shares from as little as $5. Trading is available 24 hours a day, five days a week, using supported stablecoins such as USDC and USDT and Binance Coin. Binance also plans to launch tokenised stock product bStocks within weeks.

Crypto

Binance hints at new stock investment product, raising possibility of expanding tokenised securities

Binance has signalled it may launch a new stock investment-related product, drawing attention to the potential expansion of the tokenised stock market. A post featuring a “Haystack” image led some to read it as “Hay Stock” and speculate about a stock service. A research account suggested a combination involving Ondo Finance and Binance’s BStocks, though Binance has not disclosed details. Tokenised stock trading volumes have hit records.