Key Takeaways
- Beneath the plan, a platform known as the Actual World Asset Alternate (RRE) will likely be arrange and can embrace a mix of off-chain matching for buying and selling effectivity with on-chain settlement to make sure transparency and traceability.
- The doc proposes to permit present broker-dealers to handle tokenised belongings beneath the current regulatory framework
Main monetary service firm, Robinhood has filed a 42-page proposal with the U.S. Securities and Alternate Fee (SEC), trying to arrange a federal framework system to allow the authorized issuance and buying and selling of tokenized real-world belongings (RWAs) throughout the US.
Beneath the plan, a platform known as the Actual World Asset Alternate (RRE) will likely be arrange and can embrace a mix of off-chain matching for buying and selling effectivity with on-chain settlement to make sure transparency and traceability.
Additional, the platform will combine identification verification, anti-money-laundering instruments by means of Jumio and Chainalysis to satisfy international KYC/AML necessities. The doc proposes to permit present broker-dealers to handle tokenised belongings beneath the current regulatory framework with out having the burden of establishing a brand new construction.
Based on Forbes, as a part of Robinhood’s imaginative and prescient to make sure token-asset equivalence, a token representing a US Treasury bond, for instance, will likely be handled because the bond itself and never a spinoff or artificial product.
Robinhood believes this can permit establishments and broker-dealers to deal with tokenized RWAs inside the present regulatory system, serving to in doubtlessly streamlining custody, buying and selling and settlement processes.
Robinhood additionally hopes that the plan will eradicate regulatory duplicates and resolves ambiguities citing the possession of devices, serving to in establishing clear laws
