Robinhood 42-page RWA tokens proposal to the SEC set to bring Wall Street On-chain
The post Robinhood 42-page RWA tokens proposal to the SEC set to bring Wall Street On-chain appeared on BitcoinEthereumNews.com. Robinhood Markets Inc. has submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), laying the groundwork for what could become the first federally sanctioned regulatory framework for tokenizing real-world assets (RWA). The Nasdaq-listed financial services firm is seeking the financial watchdog’s greenlight to infuse RWA into capital markets through its initiative, dubbed the RWA Regulatory Exchange (RRE). Filed in late April with the SEC’s Crypto Task Force, Robinhood’s policy proposal advocates for a system to enable compliant issuance, custody, and trading of tokenized assets. The document details a legal capacity for financial institutions to tokenize markets, lowering entry barriers for issuers and improving transparency and compliance of decentralized technologies. Robinhood submits framework for on-chain Wall Street According to Robinhood’s proposal, the SEC should issue federally licensed tokenized asset standards and integrated KYC/AML protocols compliant with the Financial Action Task Force (FATF) Travel Rule. The proposed system would incorporate Jumio and Chainalysis-based identity modules to verify users in several jurisdictions. 1/ Robinhood’s RWA submission to the SEC’s Crypto Task Force lays out a comprehensive vision to tokenize real-world assets (RWAs) to modernize markets and manage risk, see summary
The post Robinhood 42-page RWA tokens proposal to the SEC set to bring Wall Street On-chain appeared on BitcoinEthereumNews.com.
Robinhood Markets Inc. has submitted a 42-page proposal to the US Securities and Exchange Commission (SEC), laying the groundwork for what could become the first federally sanctioned regulatory framework for tokenizing real-world assets (RWA). The Nasdaq-listed financial services firm is seeking the financial watchdog’s greenlight to infuse RWA into capital markets through its initiative, dubbed the RWA Regulatory Exchange (RRE). Filed in late April with the SEC’s Crypto Task Force, Robinhood’s policy proposal advocates for a system to enable compliant issuance, custody, and trading of tokenized assets. The document details a legal capacity for financial institutions to tokenize markets, lowering entry barriers for issuers and improving transparency and compliance of decentralized technologies. Robinhood submits framework for on-chain Wall Street According to Robinhood’s proposal, the SEC should issue federally licensed tokenized asset standards and integrated KYC/AML protocols compliant with the Financial Action Task Force (FATF) Travel Rule. The proposed system would incorporate Jumio and Chainalysis-based identity modules to verify users in several jurisdictions. 1/ Robinhood’s RWA submission to the SEC’s Crypto Task Force lays out a comprehensive vision to tokenize real-world assets (RWAs) to modernize markets and manage risk, see summary
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