PANews reported on May 8 that according to Bloomberg, Robinhood is developing a new blockchain-based platform that plans to allow European users to trade tokenized assets of U.S. securities. The platform may be based on Arbitrum, Ethereum or Solana blockchains and built in cooperation with a digital asset company. The news pointed out that as the European regulatory environment becomes increasingly clear, asset tokenization has become a popular direction for traditional financial institutions to expand into the crypto market.