Robinhood proposes SEC rules for tokenized real-world assets
Robinhood has proposed a 42-page plan to the SEC for a national framework regulating tokenized real-world assets (RWAs). The proposal aims to make tokenized assets legally equivalent to traditional assets, facilitating compliant on-chain settlement. Robinhood plans to establish the Real World Asset Exchange (RRE), which will provide off-chain trade matching and on-chain settlement, integrating KYC and AML tools for compliance. The proposal emphasizes token-asset equivalence, allowing institutions to manage tokenized RWAs within existing regulations, potentially streamlining trading processes. RRE will utilize a dual-chain architecture on Solana and Base, targeting sub-10 microsecond matching latency and up to 30,000 transactions per second, potentially reducing US capital market settlement time from T+2 to T+0 and cutting trading costs by 30%. The proposal aligns with a growing interest in RWA tokenization, with significant moves from major financial players.
