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Investing.com -- Robinhood (NASDAQ:HOOD) has introduced tokens allowing European Union customers to trade over 200 U.S. stocks and exchange-traded funds, the company announced Monday.
The commission-free tokens will enable EU-based traders to access major U.S. companies including Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT). These tokenized equities will be available for trading 24 hours a day, five days per week.
Robinhood is implementing this feature through a partnership with blockchain firm Arbitrum. The tokens represent traditional financial assets but offer crypto-like trading capabilities.
The move positions Robinhood to capitalize on growing global interest in the U.S. stock market, which is home to many of the world’s leading technology companies and major beneficiaries of the artificial intelligence sector growth.
Tokenized equities have been gaining popularity among international investors as they provide improved market access, extended trading hours, and reduced costs compared to traditional trading methods.
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