727 FinancePANews October 10 news: Robinhood Crypto posted on the X platform stating that it is exploring with T. Rowe Price Digital Assets, a global asset management giant with $1.9 trillion in assets under management, the launch of equity tokens linked to actively managed ETFs on Robinhood Chain.
Robinhood Crypto added that if the project succeeds, it could become the first such equity token, while emphasizing that the relevant collaboration is still in the exploratory stage, and that the launch of any potential product would require completion of legal due diligence, approval by the issuer's board of directors, publication of final terms, and receipt of regulatory approval in the relevant jurisdictions. At present, there is no guarantee that the collaboration will necessarily proceed or that the relevant product will ultimately be launched, and its specific form, timing, and applicable regions have not yet been determined.