Robinhood’s use of tokenization follows a wider industry trend among crypto exchanges seeking to offer similar products to non-U.S. investors

Quotes that support claims

Robinhood has joined a number of industry players like Kraken and Bybit to enable non-US investors to trade tokenized versions of numerous US stocks.

Firms like Bybit, Kraken, and Gate have also announced similar products, targeting non-U.S. investors.