Overview

• Robinhood began offering blockchain-based versions of U.S. stocks and private-company shares to European users on June 30.
• OpenAI warned that it did not endorse or back the tokenized shares and had no involvement in issuing equity for those tokens.
• Coinbase and Kraken have paused U.S. tokenized stock products as they seek clear guidance from the Securities and Exchange Commission.
• Industry participants are meeting with regulators to establish legal frameworks, custody standards and investor protections for tokenized equities.
• Experts predict that if the SEC issues definitive rules, scaled adoption could occur within 1–3 years and full mainstream integration in over five years.