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R2D2
@R2D2zen
10y TradFi โ†’ 5y crypto | Ex-Barclays Markets, onchain, creators & whatever has my attention Host @chillwithr2
๊ฐ€์ž… November 2022
3.3K ํŒ”๋กœ์ž‰ ์ค‘    15K ํŒฌ
IPOs will happen on Robinhood Chain in 5 to 10 years. ๐Ÿค” Love the energy, and here is how early we still are. >RH Chain holds roughly $150M in Robinhood issued stock tokens, against a ~$3.77B market. >These are Jersey issued debt securities with no shareholder rights, and US persons cannot buy them yet. Big emphasis on yet! >Stock tokens account for only around 0.35% of Morpho borrowing on the chain. There is a tonne of room to grow here. >The SECโ€™s 2026 Innovation Exemption is a step towards onchain secondary trading, but it does not open the door to fully onchain IPOs. That remains a major regulatory hurdle, but something that could follow next as big item. >Meanwhile, we are already seeing the primitives take shape, with projects like @umia_finance working alongside OG crypto lawyer @lex_node and pushing this forward with @MetaLeX_Labs >The important part, as SimpleFarmer points out, is that financial plumbing is starting to merge, and real advantages are finally taking shape to make this a reality. Huge potential here, and we are barely scratching the surface.
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