Robinhood to Launch a Private Markets Fund: Is this Wall Street’s Version of an ICO?

Retail brokerage Robinhood announced plans to launch a fund that would give individual investors access to a basket of private companies. The initiative is positioned as an effort to address persistent imbalances in access to capital markets. However, the structure has drawn comparisons to the initial coin offering (ICO) era. Though the fund will be regulated, it carries several material risks. Opening Private Markets To Retail Robinhood formally announced its Robinhood Ventures Fund I (RVI) on Tuesday, ...