RobinHood SEC calls for update the RWA list in a 42 -page proposal

Robinhood submitted a proposal to the US Securities and Stock Exchange Committee (SEC) a claim to follow a unified federal approach to organizing the real world’s assets.

The last step seeks to bring clarity and update to the financial system.

Robinhood suggestion

In 42 comprehensive pages surrenderThe trading platform argues that the Blockchain-based representations of concrete assets such as bonds, real estate and stocks-should be controlled under the same legal standards as the equivalent of their traditional.

Instead of classifying it as derivatives or artificial tools, these digital assets will maintain their original financial identity. Robinhood argued that such a systematic system will allow them to easily integrate it into the current organizational framework. The trading platform also added that the supervision of the fragmented securities after the other currently in place is not suitable for the distinguished economy and is an obstacle to innovation.

To address this, it is proposed to create a real global asset exchange (RRE), a place designed for commercial implementation outside the chain with a series settlement to enhance both efficiency and transparency. The platform will also include powerful compliance tools, including customer knowledge (KYC) and Money Laundering (AML), through partnerships with companies such as jumio and chainalysis.

The real world origin market

Robinhood’s proposal comes at a time when RWA’s interest continues to grow.

The real world assets market (RWA) can rise to $ 18.9 trillion by 2033, according to another a report From Boston Consulting and Culture Group. Expectations indicate an annual growth rate of 53 %, and are placed between conservative and optimistic expectations worth 12 trillion dollars and $ 23.4 trillion, respectively.

The distinctive symbol, which is mainly the use of Blockchain to represent and transfer the ownership of material and financial assets such as securities and property, still attracts the main institutional interests. JPMorgan’s kinexys platform facilitation More than 1.5 trillion dollars of distinctive transactions, while the distinctive Blackrock money fund fund, Buidl, too They exceeded One billion AUM in March this year.