Uniswap and Arbitrum surge nearly 30% after US tokenized stocks approval
- —ARB rose 30%, UNI 28%, ONDO 9.29% in 24 hours
- —The SEC allowed 5-year trading of tokenized stocks through AMMs with KYC and limits
- —80% of Robinhood's $10 billion in tokenized stocks trade on Uniswap
- —Arbitrum receives 10% of net revenue from Robinhood Chain, which runs on its technology
Why it matters: The SEC exemption opens the way to mass tokenization of stocks in the US, boosting demand for DeFi protocols and L2 networks.
Source: Newsbit