Robinhood Pushes for SEC Guidance on On-Chain Stocks and Tokenized Assets

Robinhood is making a bold move to bring traditional finance closer to blockchain.
In a 42-page submission to the SEC, the brokerage firm has outlined a blueprint for the compliant tokenization of real-world assets (RWAs), including the potential to trade U.S. stocks directly on public blockchains.
The proposal, delivered to the SEC’s Crypto Task Force, presents a regulatory framework that addresses asset issuance, custody, KYC/AML compliance, and trading—all tailored for tokenized securities. It even suggests an adapted version of the SEC’s Form S-1 to accommodate digital-native asset offerings.
Robinhood’s vision includes launching a Real World Asset Exchange (RRE) using Solana and Base, two high-performance blockchain networks. The goal: to merge the speed and accessibility of crypto infrastructure with the scale of U.S. capital markets.
Mati Greenspan, founder of Quantum Economics, called the proposal a potential landmark moment. “If approved, this could legitimize the tokenization of trillions in assets without sacrificing regulatory oversight,” he told Forbes.
CEO Vlad Tenev recently echoed that sentiment, suggesting tokenized equities could reinforce America’s leadership in global finance. He drew parallels with stablecoins, arguing both could strengthen U.S. dominance as investors worldwide seek more efficient alternatives to legacy systems.