Yahoo Finance·2025-11-17 11:55Group 1 - Financial service companies Robinhood and Coinbase are shifting towards tokenizing the stock market, aiming to convert real-world assets into digital tokens on a blockchain [1][2] - Robinhood has already implemented tokenized stocks in the EU, allowing trading of tokens representing shares of over 200 U.S. companies, with trading available 24/5 and a 0.1% foreign exchange fee [5][8] - The tokenization plan includes expanding trading hours to 24/7 and launching a custom blockchain called the Robinhood Chain for off-platform asset trading [6][4] Group 2 - Coinbase has established significant partnerships with major firms like Circle and Blackrock, enhancing its reputation in the crypto space, while Robinhood lacks similar institutional partnerships [7] - Both companies are competing for market share among individual and institutional investors, with the expectation that the benefits of tokenized stocks will attract customers [2][8] - Robinhood's early lead in tokenized U.S. stocks positions it favorably as traditional equities transition to blockchain technology [8]