Robinhood's recent adoption of blockchain technology and tokenization has led to a nearly 30% increase in its stock over the past month, showcasing new growth avenues despite ongoing regulatory challenges. The stock, trading as HOOD, reached $94.65 on Wednesday, just 4% shy of its all-time high from July 2. Over the last month, shares have risen by more than 27%, and year-to-date, they are up 137%, boosting the company's market cap to over $82 billion. Factors contributing to this surge include a 50% year-over-year revenue increase in Q1, totaling $927 million. The momentum picked up after Robinhood announced a layer-2 blockchain focused on tokenization, enabling the offering of tokenized US stocks and ETFs to European investors. However, European regulators have expressed concerns regarding these tokenized equity offerings, particularly those linked to private firms like OpenAI and SpaceX. CEO Vlad Tenev clarified that these products are not traditional equity offerings but provide indirect exposure to these companies. Read more AI-generated news on: https://app.chaingpt.org/news

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