Private companies are racing to classify shares on the European Union platform in Robinhood star-news.press/wp

Robinhood is witnessing an increase in the interest of private companies that yearn for their shares icon after the company launched the distinctive symbol platform in the European Union last week.

On Tuesday interview With Bloomberg News, CEO Vlad Teenv said that the company had received a wave of requests from private companies looking to make shares within the reach of retailers through Blockchain icons on its platform.

He said: “Since our announcement, I had a set of inquiries, private companies that already want to reach retail sale to obtain symbolic shares and be part of this revolution.”

The platform currently provides only in the European Union more than 200 trading shares for five days a week. It also included a promotional gift of non -trading symbols representing private companies such as Openai and Spacex.

Tinif said that Robenol’s long -term goal is to bring thousands of private companies to the platform. “We believe (this) a great opportunity to solve one of the biggest aspects of inequality in the capital markets, which is the fact that you have these huge companies that remain special for a longer period,” he said.

Related to: Bitcoin, XRP, Sol Futures Launch on Robinhood

The symbolic platform of Robinhood faces audit

However, the audit was drawn. Lithuania, which organizes Robinhood in the European Union, requested an explanation about how to organize symbols. Tinif said the company welcomes the review.

He said: “They want to make sure that everything is suitable because it is a new innovative offer. We are confident. We think this is not only important, but will resist the highest form of scrutiny.”

Technically distinctive symbols are classified as derivatives under the markets of European Union in the regulation of encrypted trim (MICA) and markets in MIFID tools (MIFID). They are supported by the basic assets that the American brokers hold, with distinctive or burned symbols with the purchase or sale of users.

TENEV has confirmed that the company is taking place with organizers in the United States and the United Kingdom, but the platform is not yet available in those markets. He believes that the US Securities and Stock Exchange Committee (SEC) has the authority of the distinctive symbol of green without the need for new legislation.

He said: “The United States should not be backward. The opportunity is very big so that it cannot be ignored. Not only for retail but also institutional. I think it is eager. They suffer from a round symbol’s round table in the Supreme Education Council, which we were part of.”

As I reported, Galaxy Digital said that Robinhood’s distinctive symbol removes assets from traditional market channels and brings them onhain, which challenges liquidity and concentrated activity that gives the main Tradfi exchanges such as NYSE.

Cointelegraph communicates with Robinhood to comment but did not receive the publication.

Related to: Distinguished stocks in the gray regulatory area – lawyers are still

The distinctive symbol market remains hot

Robinhood’s distinctive symbol movement comes at a time when it gains assets that acquire the assets of Onchain.

On Tuesday, BIOSIG technologies listed on the Nasdak Stock Exchange content Up to $ 1.1 billion of financing from an institutional investor who has not been revealed to support his plan to repeat the commodity market. The deal includes $ 100 million in convertible bonds and a credit degree of $ 1 billion.

In other news, the QCD Money Market (QCDT) box, a joint initiative by DMZ Finance and QNB, receive Approval by the Dubai Financial Services Authority (DFSA), which has become the first symbolic money market fund that was established at the International Center in Dubai International (DIFC).

magazine: Increasing numbers of users take LSD with ChatGPT: AI Eye