Macro strategist Raoul Pal praised Robinhood -Markten‘ Hood Decide to launch tokenized stock offering on Monday and describe it as ‘democratization of finance’.
What happened: In an X message, you responded right to a video of Robinhood CEO VLAD TENEV The introduction of the so -called “stock cooks”, so that users in Europe can be exposed to American private companies such as such as such as Spacex And Openi.
“The end of the public versus private markets starts. Capital formation is also more efficient in cryptomarkets. Lending markets too,” said Pal.
The first Goldman Sachs Executive considered it “democratization of finance” and predicted that the trend would only accelerate here.
See also: Why crypto investors Internal Investment Services receive warning letters
Why it matters: Robinhood revealed a series of products during the event in France for its European customers. Apart from stock and ETF -tokens, the cryptocurrency introduced eternal futures for the EU region.
Publication: 82% of the CFD accounts of the retail trade lose money
The company has submitted a case to Tokenize private shares, which encourages policy makers to explore the untouched potential of block chains on the American capital markets. It even stated a federal framework for the SEC for last month for bringing Real-World assets into the chain in the chain
Some of the most disturbing technology companies in the US are kept private, including Elon Musk’s SpaceX and Sam Altman-Beged Openi. The valuation of SpaceX is estimated at around $ 350 billion
Price action: Robinhood shares rose 3.12% on the market after the hours after closing 12.8% higher at $ 93.63 during Monday’s trade session, according to Data from Benzinga Pro. Years to date, the share has exploded more than 150%.
Hood exhibited a high momentum and growth bogs from this writing. Do you want to filter out the top performers for a crypto -specific portfolio? Go to Benzinga Edge Stock Rankings.
Photo with thanks to: Dennizn on Shutterstock.com
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