Robinhood is said to work on blockchain infrastructure with which European retail investors will be able to trade American effects, Bloomberg News, reported on 7 May.
According to the report, the brokerage platform is investigating a partnership with a digital asset company to support the initiative and regards Arbitrum and Solana as potential blockchain layers.
People with direct knowledge of the project said that discussions are underway and that no definitive decision has been made with regard to the technology partner or the launch time line.
A Robinhood spokesperson refused to comment on the issue. Representatives of Offchain Labs, the developer of Arbitrum and the Solana Foundation also did not respond to questions.
The plan would expand the European offer of Robinhood after crypto -trade, which represents the full scope of its services in the European Union.
In April Robinhood obtained a brokerage license in Lithuania, which means that it authorized to offer stock trading and investment services in the block.
The company too an agreement signed To acquire Crypto Exchange Bitstamp, a deal still awaiting completion. The acquisition would give Robinhood access to the MiFID-Licensed multilateral trade facility of Bitstamp and open the door for crypto-linked derivatives in the region.
Blockchain -infrastructure for securities trade
The development of the infrastructure would token US shares, so that they can be represented on a public blockchain and being traded by European users.
Although the approach is still in formation, such a system would offer the potential benefits of near-instant deposits, cost reductions and transparency in the life cycle of a trade.
Robinhood CEO Vlad Teev has previously expressed support for Tokenized effects. In February, Teev stated In a letter to investors that he believes that tokenized private company shares best resonate with American investors.
By building a blockchain-based framework for cross-border securities trade, Robinhood would position itself to compete in a segment that merges traditional shares with digital asset infrastructure.
The choice between Arbitrum and Solana would influence network characteristics such as transit, costs, smart contract options and compatibility with the Ethereum Virtual Machine (EVM).