Robinhood Markets announced that it has filed paperwork with the U.S. Securities and Exchange Commission to launch Robinhood Ventures Fund I, a closed-end fund designed to give everyday investors exposure to private companies.

The London Stock Exchange Group (LSEG) has launched a blockchain-based platform to digitize the trading and settlement of private funds, completing its first transaction this week.

PayPal will soon let U.S. users send bitcoin, ether, and its PYUSD stablecoin directly to each other through PayPal and Venmo, the company said Monday.

Top stories in the Crypto Roundup today:

• Corporate Bitcoin Buying Dropped in August as Price Rally Lost Steam
• London Stock Exchange Launches Blockchain Platform for Private Fund Trading
• PayPal to Enable Direct Crypto Transfers Between Users in U.S.

Robinhood to Launch Fund Giving Retail Investors Access to Private Companies

Robinhood Markets announced that it has filed paperwork with the U.S. Securities and Exchange Commission to launch Robinhood Ventures Fund I, a closed-end fund designed to give everyday investors exposure to private companies.

Robinhood CEO Vlad Tenev framed the move as a correction to decades of imbalance. “For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out,” he said in a statement. 

The fund, managed by a newly formed subsidiary called Robinhood Ventures, aims to invest in a concentrated portfolio of companies “at the frontiers of their respective industries.”

 Though it didn’t name targets, Robinhood has previously promoted access to firms like OpenAI and SpaceX through tokenized equity offerings in Europe.

Shares of the new fund would trade publicly on the New York Stock Exchange under the ticker RVI, making them accessible via Robinhood and other brokerage platforms.

London Stock Exchange Launches Blockchain Platform for Private Fund Trading

The London Stock Exchange Group (LSEG) has launched a blockchain-based platform to digitize the trading and settlement of private funds, completing its first transaction this week.

Called Digital Markets Infrastructure (DMI), the system was built on Microsoft Azure and is designed to manage an asset’s full lifecycle more efficiently than traditional systems.

The first deal raised funds for MembersCap’s MCM Fund 1, with investment manager MembersCap and digital asset exchange Archax as the platform’s initial users.

PayPal to Enable Direct Crypto Transfers Between Users in U.S.

PayPal will soon let U.S. users send bitcoin, ether, and its PYUSD stablecoin directly to each other through PayPal and Venmo, the company said Monday.

The move adds crypto to its peer-to-peer payments system and includes a new tool called “PayPal links” that lets users create personalized payment URLs for sharing through messages or email.

Personal crypto transfers between friends and family won’t trigger IRS 1099-K tax forms, meaning casual payments remain tax-free.

The feature is part of “PayPal World,” a broader effort to connect digital wallets and expand crypto payments globally.

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