Robinhood, the popular trading app, is pushing the SEC to let them put stocks on a blockchain. They’ve sent a detailed 42-page proposal outlining how they’d do it safely and legally.
A Plan for On-Chain Stock Trading
The proposal suggests a new system for creating, storing, and trading digital versions of real-world assets like stocks. This would involve using blockchain technology like Solana and Base, and would include strong identity verification (KYC/AML) to prevent fraud. They’re even proposing a new form for registering these digital securities.
Why Robinhood Wants This
Robinhood believes this could be huge for the US economy. Their CEO, Vlad Tenev, thinks it could keep the US stock market on top globally. He sees it as a way to make investing easier for people worldwide and boost the appeal of US companies.
What Happens Next?
This is a big deal. If the SEC agrees, it could completely change how we buy and sell stocks. Experts say it could bring trillions of dollars worth of assets onto the blockchain. However, the SEC hasn’t responded yet. We’ll have to wait and see what they decide.
