Robinhood presented a 42-page proposal to the US Securities and Exchange Commission (SEC) advocating for a nationwide framework to oversee the regulation of tokenized real-world assets (RWAs).
The brokerage aims to enhance financial infrastructure by ensuring that tokenized assets hold the same legal status as their traditional equivalents, while also facilitating compliant onchain settlement, as reported by Forbes on May 20.
In the proposal, Robinhood also expressed intentions to establish the Real World Asset Exchange (RRE), a trading platform that provides offchain trade matching along with onchain settlement for increased efficiency and transparency.