Robinhood Explores Launching Stock Tokens Tied to Actively Managed ETFs

Odaily reports: Robinhood Crypto posted on X that it is exploring the launch of stock tokens tied to actively managed ETFs on Robinhood Chain. The project is reportedly being developed in collaboration with T. Rowe Price Digital Assets, a global asset management giant with $1.9 trillion in assets under management. However, Robinhood Crypto emphasized that the collaboration is aimed at exploring the introduction of tokenized actively managed exchange-traded funds onto Robinhood Chain and remains at an exploratory stage. The launch of any potential product would require completion of legal due diligence, approval from the issuer's board of directors, publication of final terms, and regulatory approval in the relevant jurisdictions. There is currently no guarantee that the collaboration will proceed or that the related products will ultimately be launched, and their specific form, timing, and applicable regions have not yet been determined.