Robinhood Rolls Out European Tokenized Stocks as Nasdaq Partners With Kraken’s xStocks
Nasdaq will integrate Payward’s xStocks tokenization platform to shift institutional equities onto blockchain, focusing on proxy voting, corporate actions and shareholder engagement. Robinhood has rolled out tokenized stocks in Europe and is expanding its digital asset trading capabilities as part of its diversified, profitable financial services platform.
1. Nasdaq-Kraken Tokenization Partnership
On March 9, Nasdaq announced a collaboration with Payward, Kraken’s parent, to develop tokenization infrastructure using the xStocks platform. The initiative targets moving institutional equities onto blockchain networks and will support corporate actions, proxy voting and enhanced shareholder engagement through tokenized assets.
2. Robinhood’s European Tokenized Stock Rollout
Robinhood has already launched tokenized stock trading in Europe alongside Gemini and Kraken, offering customers digital representations of equities on blockchain ledgers. This move positions the firm to capitalize on growing digital asset adoption and compete in an evolving tokenized securities market.
3. Positive Analyst Outlook on Diversification
A prominent portfolio strategist recently named Robinhood a top long-term buy, citing its transition into a diversified, profitable financial services platform. The endorsement underscores confidence in Robinhood’s expanding revenue streams beyond commission-free trading, including digital assets and payment services.