News

Jinse Finance reported that Robinhood has tokenized 500 US stocks and ETFs on Arbitrum for EU users. According to Dune Analytics data, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. The cumulative minting volume has surpassed $19.3 million, but about $11.5 million in burn activities have offset this loss, indicating that the market is growing but trading remains active. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, while commodities, crypto ETFs, and US Treasury allocations are less significant.

Jinse Finance reported that OpenSea CEO Devin Finzer denied claims that the company is abandoning non-fungible tokens (NFTs), stating that the marketplace is "evolving" into a universal platform for trading various on-chain assets. Finzer said: "We are building a universal interface for the entire on-chain economy—tokens, collectibles, culture, digital and physical." He added: "The goal is simple: as long as it exists on-chain, you should be able to trade it on OpenSea, seamlessly across any chain, while maintaining full control over your assets."