Robinhood Markets Inc. (ticker HOOD) has been making news recently. On June 30, Robinhood announced a number of game-changing products and services for its retail users in the United States and the European Union.
Now, the trading platform is making plans to expand access to to secretly held corporations in the U.S. On September 15, the company announced the release of Robinhood Ventures Fund I (RVI), a closed-end fund that filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC).
Once accepted, the fund—which might be controlled by Robinhood Ventures DE LLC, a wholly owned subsidiary—will provide a retail investors exposure to private corporations in technology sectors at the same time as they’re still secretly held.
Robinhood $HOOD just unveiled Robinhood Ventures
“Robinhood Ventures Fund I (RVI) is a closed-give up fund that focus to provide retail investors publicity to corporations on the frontiers in their industries, while they’re still private.”
Robinhood’s lately offerings seek to provide retail investors access to investment opportunities once reserved for the elite. Johann Kerbrat, GM and SVP of Crypto at Robinhood, throughout an extraordinary interview in San Francisco that the platform has extra plans to make this a fact.
What is your main target for Robinhood Crypto recently, and why?
Johann Kerbrat: We currently released a number of new crypto tokens in the U.S. With the aim being to really grow our offerings. This will provide U.S. users additional access of new to new providing.
We have also made this all available through Robinhood Legend, our new platform for advanced traders. Legend lets could users trade crypto, futures, and equities in a single tool. People the use of Legend are also able of use smart exchange routing to path orders to exchanges in place of through market makers.
CN: Robinhood has also lately declared artificial intelligence (AI) features. Can you please explain these?
JK: Sure. Robinhood Gold customers can now get access to Cortex Digests. This is a new AI agent that works for our users, so every time a user opens a crypto or stock page, they will get a summary of what is happening in the market. News summaries also are made available for those assets to assist users better understand why assets are moving up or down.
We launched this option because we noticed Robinhood clients could usually receive a cost notification that Bitcoin, as an instance, went up. However, they wouldn’t recognize why that is the case and could regularly look on social media platforms like X or Reddit to understand. The aim right here is to observe marketplace news and bundle that with reasoning to offer customers with an understanding of different markets.
CN: It has been a few months since Robinhood released U.S. stock and exchange-traded fund (ETF) tokens for EU users. Robinhood also released staking services to eligible US users. How has the progress been so far?
JK: Overall, staking has been doing thoroughly, and we’ve seen impressive adoption. People are not only excited to get rewards by staking, but are also happy to make a contribution to the network. We have also seen people use staking for the primary time and then preserve to do this because of the excitement around it.
Other ventures, like our stock tokens, are also doing well. We best had 200 asset offerings, and we are now at 400, so we’ve doubled this. The stock tokens provide exposure to the U.S.-equivalent assets, and we are now seeing quite a few assets growth. For example, Robinhood’s IPO is now to be had in stock tokens.
CN: How is the development coming along on Robinhood’s Layer-2 (L2) blockchain?
JK: We are still very excited to build an L2 that integrates both tools and compliance. Stock tokens might be the first thing that the L2 supports. The L2 might be built at the Arbitrum stack. There is currently no launch date set, but we’re actively working in this.
