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Robinhood is diving deeper into crypto by rolling out tokenized stocks for European users and working on its own blockchain network.

Circle Internet Group, the company behind the $60 billion USDC stablecoin, is aiming to become a U.S. national trust bank, the firm revealed.

American Bitcoin Corp, a Miami-based bitcoin mining company backed by Eric Trump and Donald Trump Jr., has raised $220 million from accredited investors, edging past its initial $200 million target, according to a recent SEC filing.

Top stories in the Crypto Roundup today:

  • BlackRock’s Spot Bitcoin ETF Breaks Four-Week Volume Slump
  • Circle Seeks U.S. National Bank Charter After Soaring Post-IPO Share Gains
  • Trump-Backed American Bitcoin Raises $220M to Expand BTC Holdings

 
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Robinhood to Launch Tokenized U.S. Stocks in Europe, Build Its Own Blockchain

 

Robinhood is diving deeper into crypto by rolling out tokenized stocks for European users and working on its own blockchain network.

The trading platform revealed it has launched tokenized versions of more than 200 U.S.-listed stocks and exchange-traded funds on Arbitrum, an Ethereum layer-2 network. 

European users can trade these stock tokens around the clock on weekdays. 

 The firm also said it’s building a proprietary blockchain, leveraging Arbitrum’s technology, to support 24/7 trading, self-custody and the seamless movement of tokenized assets across networks. 

At the launch event in Cannes, France, CEO Vlad Tenev said Robinhood also plans to offer tokenized shares of private companies like OpenAI and SpaceX.

Beyond tokenized equities, Robinhood will introduce perpetual futures trading for European users via Bitstamp, a crypto exchange it recently bought for $200 million. In the U.S., it’s rolling out crypto staking for assets like Ethereum and Solana, and plans to let credit card users funnel cashback directly into crypto later this year.

 
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Circle Seeks U.S. National Bank Charter After Soaring Post-IPO Share Gains

 

Circle Internet Group, the company behind the $60 billion USDC stablecoin, is aiming to become a U.S. national trust bank, the firm revealed.

The move follows Circle’s stock market debut in early June, where its shares have skyrocketed more than fivefold. 

Circle has submitted an application to the Office of the Comptroller of the Currency (OCC) to charter a new institution called First National Digital Currency Bank, N.A. 

If granted, it would allow Circle to act as custodian for its own stablecoin reserves and offer digital asset custody services to institutional clients.

That would make Circle only the second operational crypto company with a federal banking license. Anchorage Digital Bank was the first, winning conditional approval in 2021.

 
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Trump-Backed American Bitcoin Raises $220M to Expand BTC Holdings

 

American Bitcoin Corp, a Miami-based bitcoin mining company backed by Eric Trump and Donald Trump Jr., has raised $220 million from accredited investors, edging past its initial $200 million target, according to a recent SEC filing.

The financing round included a notable crypto twist: $10 million of the capital came directly in bitcoin, accepted instead of cash at an average price of $104,000 per BTC. 

After fees, the raise netted about $215 million. The company issued over 11 million Class A shares as part of the placement.

American Bitcoin plans to use the proceeds to build its bitcoin reserves and upgrade its mining hardware.

 
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