Robinhood proposed the SEC to create a regulatory framework for RWA

The online broker Robinhood submitted a proposal to the SEC to create a federal framework for tokenized "real world" assets (RWA).

The company proposes to equate such tokens to traditional securities and introduce uniform regulatory rules at the national level.

Robinhood noted that the RWA segment is currently developing but remains limited to pilot projects. The new approach aims to simplify the issuance and accounting of such assets, as well as to open the market for large financial institutions.

Platform representatives emphasized: if the regulator accepts these conditions, brokers will have the opportunity to trade tokens "according to the existing laws, rather than through separate schemes with unclear status."

The Real World Asset Exchange platform (RRE), being developed by the company, will combine off-chain transactions with blockchain settlements and integrate verification tools from Jumio and Chainalysis.

RRE will allow trading a variety of assets — from bonds to real estate — around the clock, under unified rules.

The head of Quantum Economics, Mati Greenspan, noted in a comment to Forbes that the initiative is capable of bringing tokenized assets to the legal market in the USA.

Recall that in May, Bloomberg reported that Robinhood is developing a blockchain platform for trading U.S. securities in the European market.