Robinhood Chain stock-token volume hits $11.31B in September as US firms push back
- —Robinhood Chain processed $11.31 billion in stock-token volume in September
- —Goldman Sachs, Microsoft and Qualcomm oppose tokenized equities
- —Caterpillar, McDonald's, Western Digital and Alphabet also object
- —CNBC reports the trend is growing mainly outside the US
Why it matters: Pushback from major issuers could slow stock tokenization in the US, while demand shifts to overseas markets.
Source: Bloomingbit