Robinhood and asset management giant T. Rowe Price explore launching actively managed ETF stock tokens.

BlockBeats news, October 9: Robinhood Crypto announced that it is exploring a collaboration with the digital assets division of T. Rowe Price, an asset management giant with approximately $1.9 trillion in assets under management, to launch stock tokens linked to actively managed ETFs on Robinhood Chain. If implemented, this would be Robinhood's first such stock token. Robinhood stated that the plan remains a forward-looking exploration and still requires completion of legal due diligence, approval by the issuer's board of directors, and regulatory approvals in various jurisdictions. Its stock tokens are tokenized debt securities and are currently not available to U.S. users, with restrictions also in place in Canada, the U.K., Switzerland, and other regions.