News linked to both this project and an event.
According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third-quarter earnings call that the U.S. Securities and Exchange Commission's (SEC) tokenization innovation exemption is a positive development, but further rulemaking or legislation is still needed to provide long-term regulatory certainty for tokenized stock markets, otherwise it could hinder the entry of large-scale assets.
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
Odaily reports: CF Benchmarks, the index provider under Kraken's parent company Payward, has launched CFB Oracle, bringing pricing benchmarks for BlackRock's Bitcoin ETF and CME Group cryptocurrency futures into blockchain applications. The service provides benchmark data across cryptocurrency, equities, bonds, commodities, and forex markets, enabling developers to build products such as on-chain index funds, tokenized portfolios, and derivatives.CF Benchmarks states that its indices currently serve products representing over $120 billion in assets. CFB Oracle now supports Ethereum, HyperEVM, and Robinhood Chain, with plans to expand to other compatible networks in the future. Payward also plans to use the service to provide pricing data for its upcoming U.S. perpetual contract product, which is still awaiting regulatory approval. The service will compete with oracle providers such as Chainlink and Pyth. (CoinDesk)
Bloomberg reported that Robinhood Markets Inc. plans to establish Dubai as its new operational base next year to launch its retail investment platform in the Middle East, further expanding its global business footprint. The company has obtained authorization from the Dubai Financial Services Authority (DFSA) to provide trading and custody services to individual investors, covering 10 categories of assets including stocks, cryptocurrencies, exchange-traded funds (ETFs), and investment tokens.
Odaily reports: Robinhood's venture capital fund Robinhood Ventures Fund I (NYSE: RVI) has announced that it has spent $30 million to purchase preferred shares of Erebor Bank, National Association, a U.S. bank. Erebor is a U.S. nationally chartered bank focused on the innovation economy, serving sectors including defense, robotics, artificial intelligence, and hard tech. The bank obtained a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC) and federal deposit insurance in February 2026, and its deposits have now exceeded $7 billion.Erebor was founded in 2025, co-founded by Palmer Luckey and others, and is backed by institutions including Valor Equity Partners, Lux Capital, and 8VC. RVI is the first fund under Robinhood Ventures and listed on the New York Stock Exchange in March 2026, primarily providing investors with exposure to private company equity by investing in private companies. (fxnewsgroup)
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Odaily reports: Robinhood Crypto posted on X that it is exploring the launch of stock tokens tied to actively managed ETFs on Robinhood Chain. The project is reportedly being developed in collaboration with T. Rowe Price Digital Assets, a global asset management giant with $1.9 trillion in assets under management. However, Robinhood Crypto emphasized that the collaboration is aimed at exploring the introduction of tokenized actively managed exchange-traded funds onto Robinhood Chain and remains at an exploratory stage. The launch of any potential product would require completion of legal due diligence, approval from the issuer's board of directors, publication of final terms, and regulatory approval in the relevant jurisdictions. There is currently no guarantee that the collaboration will proceed or that the related products will ultimately be launched, and their specific form, timing, and applicable regions have not yet been determined.
Citrini Research has stated that the barriers between traditional finance and the crypto industry are gradually dissolving, and with the proliferation of AI Agents, blockchain may be approaching a true inflection point for adoption.Citrini Research suggests that in the future, personal AI agents may be able to manage all of a user's financial assets, including allocating idle funds, executing investment decisions, and finding loan solutions. However, the existing financial system is built on manual processes, intermediaries, and compliance frameworks, making it difficult to adapt to round-the-clock, automated machine interaction needs.The firm believes that AI agents require financial infrastructure that is programmable, operates in real time, and requires no human intervention. After more than a decade of development, blockchain happens to possess characteristics such as asset digitization, on-chain settlement, and open financial applications. Previously, the crypto industry faced issues such as a complex user experience and a lack of real asset applications, but with the advancement of real-world asset (RWA) tokenization, traditional financial assets are gradually moving on-chain.Citrini Research points out that the development of tokenized equities, U.S. Treasuries, credit, and other assets, along with changes in the regulatory environment, is driving the convergence of traditional finance and crypto markets. The firm notes that recent developments — including Robinhood launching stock tokens, regulators exploring rules for tokenized assets, and on-chain markets such as Hyperliquid gaining attention from traditional finance — all indicate that the market is undergoing a shift.Citrini Research states that investors should focus not merely on whether assets will be tokenized, but rather on "who can capture the economic value in the tokenization wave." The firm believes that blockchain may ultimately become critical financial infrastructure in the AI agent era.
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
According to on-chain analyst Wazz (@WazzCrypto), an organized serial rug pull and fund-draining syndicate operates on the Robinhood blockchain. The group has been linked to 53 token launches in the past two months, with directly trackable extracted funds reaching $18.43 million, though the actual amount is likely higher. The syndicate's modus operandi is highly systematic: funds raised from each launch are routed to the deployment wallet of the next launch within seconds, forming a continuous funding pipeline. Each issuance is sniped via 70–200 bundled wallets to secure over 70% of the supply, primarily launched on the Pons V2 platform. Additionally, the group generates hype through "fake launches" before official drops to preemptively harvest market sentiment, only revealing the real contract address afterward to maximize extraction profits. Notably, $DEED, the trigger token for this investigation, did not even make it into the top ten highest-drained tokens.
Bernstein believes the exchange model transforms sports betting into a traffic-driven business, operating without house positions and utilizing a global order book with institutional market making. The firm assigns an Outperform rating to Robinhood (HOOD) and Coinbase (COIN), recommending focus on regulatory progress and the pace of institutional adoption.
According to on-chain analyst Ai Yi, a new address opened its first position of 1 million UNI five hours ago at an entry price of $9.05. Driven by the Robinhood meme market trend and the SEC's new rules on compliant on-chain U.S. stock trading, UNI has risen 145% over the past month.
AMC Entertainment CEO Adam Aron posted on X, praising U.S. SEC Chairman Paul Atkins' announcement of policies related to tokenized stocks, and highlighted three principles, including that investor protection must not be compromised, synthetic assets must not be used, and stock issuers have the right to object to their securities being traded on tokenized securities trading venues.Aron stated that under the framework published by the SEC, eligible stock tokens should carry full voting rights and dividend rights, and listed companies should also have the right to prevent their securities from being traded in tokenized form. He also called out Robinhood co-founder Vlad Tenev, urging Robinhood to follow the same standards in its overseas stock token business, particularly regarding investor protection, synthetic assets, and issuers' right to object.Previously, the SEC yesterday approved a temporary, conditional "Innovation Exemption," allowing tokenized stocks to be traded on a limited basis on certain onchain venues—Tokenized Securities Trading Venues (TSVs).
The U.S. Securities and Exchange Commission (SEC) has recently permitted cryptocurrency trading platforms to offer digital tokenization services for individual stocks such as Apple and Tesla under a lightweight regulatory framework. This move is viewed as a significant breakthrough for onboarding trillions of dollars in assets on-chain, primarily benefiting crypto-native exchanges and transitioning traditional brokerages.
According to The Block, Bitwise Chief Investment Officer Matt Hougan has revised his previous assessment regarding the impact of the Clarity Act's failure. The bill secured only 49 votes in a procedural Senate vote, falling short of the 60-vote threshold needed to advance. While Hougan had previously forecasted that a failed bill would trigger several weeks of crypto market weakness, he noted in his latest client report that Bitcoin has continued to rise after bottoming out around $57,950 on July 1, surpassing $80,000 on September 4. In the same period, Polymarket’s implied probability for the bill’s passage within the year dropped from 39% to 14%. Price action moving contrary to these expectations suggests that the bull market does not rely on legislative passage. Hougan also pointed out that initiatives such as Robinhood launching its own blockchain, Morgan Stanley listing a Solana ETF, and DTCC completing the settlement of the first batch of tokenized stocks demonstrate that Wall Street institutions are already positioning themselves ahead of regulatory clarity. He noted that proactive rulemaking by the SEC and CFTC can partially fill legislative gaps, but acknowledged that executive regulations carry the risk of being overturned by future administrations. Consequently, congressional legislation remains the sole path to providing lasting regulatory certainty.
According to Crypto Pulse Research, Bernstein's September 16, 2026, research report states that the procedural vote on the CLARITY Act has failed, and there should be no hope for a revote. Stablecoins, governed by the GENIUS Act, remain unaffected, while Circle’s ARC chain launched that same day. Robinhood's daily on-chain gross revenue is approximately $1 million. The bank recommends buying the recent weakness in crypto equities, favoring Robinhood (HOOD), Circle (CRCL), and Figure (FIGR), with target prices set at $160, $140, and $70, respectively. It sets a $330 price target for Coinbase, $350 for Strategy, and $24 for Sharplink. Bernstein believes that following legislative failure, regulatory clarity will pivot toward rulemaking by the CFTC and SEC. This rulemaking process will be aggressive and rapid, making product rollout schedules more predictable. Advancement of stablecoins, tokenization, perpetual futures, and prediction market-related products will continue, with crypto stock pullbacks offering buying opportunities.
According to The Block, sports betting company Underdog has filed a lawsuit in federal court against Connecticut state officials seeking to prevent the state from classifying its sports event contracts as illegal gambling. Underdog argues that it operates as a federally regulated Designated Contract Market (DCM), and that the Commodity Futures Trading Commission (CFTC) holds "exclusive jurisdiction" over DCMs, meaning Connecticut's enforcement action conflicts with the framework of the Commodity Exchange Act. Previously, Connecticut's Department of Consumer Protection (DCP) issued cease and desist orders to nine prediction market platforms, including Underdog, Polymarket, Coinbase, Crypto.com, and Robinhood. Earlier this month, Underdog also filed separate lawsuits in five states: Ohio, Massachusetts, Wisconsin, New Mexico, and Washington. Currently, more than twelve states have taken enforcement actions or filed lawsuits against prediction market platforms.
Robinhood recently tokenized stocks such as AMC, drawing public criticism from AMC's CEO, but this model can lower the cost and barriers for global investors trading U.S. stocks. Blockchain-driven stock tokenization is reshaping the U.S. stock brokerage industry, and its impact may be similar to Napster's disruption of the music industry 25 years ago. Analysts note that tokenized stocks still face issues such as voting rights, custody of the underlying shares, and whether token assets are fully backed, but regulators have begun advancing related frameworks. Nasdaq recently invested $100 million in blockchain finance company Payward, and the trend of putting stocks on-chain is accelerating, making it difficult for threats or lawsuits to block this technological development in the long term. (Fortune)
Robinhood has partnered with Crypto.com and acquired stakes in OG.com and other entities, aiming to leverage regulated infrastructure to facilitate prediction market trading for U.S. customers.
Odaily News: Robinhood Markets has officially served as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. Oura filed for its IPO last Thursday, with an expected listing valuation exceeding $11 billion. Goldman Sachs, Morgan Stanley, and JPMorgan are serving as the lead book-runners for the deal, with Robinhood ranking 18th among the 18 underwriters.In June of this year, Robinhood received regulatory approval to conduct underwriting business, and CEO Vlad Tenev previously stated his desire to "disrupt" the IPO market. As an underwriter, Robinhood is expected to gain more influence in the allocation of IPO shares to its retail clients. (The Wall Street Journal)