Robinhood has submitted a proposal of 42 pages to the US Securities and Exchange Commission (SEC) to request regulatory clarity about the tokenization of Real-World assets (RWAS) and its potential request for stock trading on chains.
According to a forbes reportThe proposal, submitted to the Crypto Task Force of the SEC, outlines a framework for conforming, custody and trade of Tokenized assets, aimed at modernizing American capital markets.
Quantum Economics Founder Mati Greenspan told Forbes,
“This proposal is possible the first time that a US-regulated broker has set a viable path to bring trillions of dollars to assets-inchain without jeopardizing the integrity of the regulations.
If the SEC embraces this, it is a signal for the world that tokenization has a legitimate chair at the traditional financial table. “
Robinhood’s plan includes federally licensed tokenized asset standards, integrated know your customer (KYC) and anti-money laundry protocols (AML) and a modified form S-1 for tokenized effects.
The planned real World Asset Exchange (RRE) would work on the Solana (SOL) and Base Blockchains.
Last month Robinhood CEO Vlad Teev said that the tokenization of traditional assets could guarantee the dominance of the US stock market.
“Tokenization of effects, which we are very enthusiastic about, allows you to be the owner of companies …
Stablecoins are rightly seen as an area that could increase demand from individuals abroad, because governments become sensitive to diversification of holding treasury.
So in the same way that the Stablecoin legislation can continue the US dollar dominance, I think that tokenized effects can really continue the American company dominance on the world market. “
At the time of writing, the SEC should not give a formal answer yet.
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