Robinhood Markets proposed a unified federal framework to the SEC for tokenizing real-world assets on blockchain. The letter, addressed to SEC Chair Paul Atkins and Commissioner Hester Peirce, aims to replace the current fragmented regulatory system, according to Forbes. Robinhood proposed replacing the current state-by-state compliance model with a unified national framework for tokenized assets. It also urged regulators to treat asset-backed tokens as legally equivalent to the underlying securities. CEO Vlad Tenev reiterated the firm's readiness to tokenize shares of private firms like SpaceX and OpenAI but emphasized the need for comprehensive securities legislation. The proposal comes amid growing interest in tokenization, with firms like BlackRock entering the space.
