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Robinhood relists Solana, Cardano and XRP, adds Pepe

  • Robinhood has relisted major altcoins Solana, XRP and Cardano for its US customers.
  • The platform also added support for Pepe, news that saw PEPE price skyrocket.

Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP.

The popular trading app now supports SOL, ADA, XRP and PEPE for its US customers, according to the announcement.

Robinhood relists major tokens

The move brings the number of supported cryptocurrencies on Robinhood to 19, expanding further reach for the platform as the market explodes amid bullish sentiment.

“We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering,” said Johann Kerbrat, vice president and general manager of Robinhood Crypto. “With lower barriers to entry, we believe crypto presents an opportunity for those who have been historically left behind by the traditional financial system.”

As Robinhood Crypto revealed the listing of the digital assets, the prices of Solana (SOL), Pepe (PEPE), Cardano (ADA) and XRP (XRP) surged.

While the SOL, ADA and XRP tokens bounced to key levels, meme coin Pepe exploded to hit a new all-time high. The frog-themed meme coin traded among the top gainers in 100 largest coins by market, with its upside dwarfing Dogecoin’s own march to above $0.41.

Notably, Robinhood’s move to relist SOL, ADA and XRP comes amid market anticipation of a change at the US Securities and Exchange Commission following Donald Trump’s election as the next US president.

This is largely because SEC Chair Gary Gensler is expected to exit the agency. It’s the regulator’s designation of SOL and ADA as a security that saw Robinhood delist the tokens. SEC also sued Ripple and alleged XRP was a security until a US court ruled it wasn’t in July last year.

The post Robinhood relists Solana, Cardano and XRP, adds Pepe appeared first on CoinJournal.

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BlackRock expands BUIDL to Aptos, Arbitrum and Optimism

  • BlackRock has announced its tokenized US Treasuries fund is now available on other chains.
  • The company has expanded beyond Ethereum, with BlackRock USD Institutional Digital Liquidity Fund (BUIDL) now on Aptos, Avalanche, Arbitrum, Polygon and Optimism.

BlackRock has expanded its tokenized US Treasuries fund beyond Ethereum, adding support for multiple blockchain networks.

In an announcement on Nov. 13, the asset manager said its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is now accessible across Aptos (APT), Avalanche (AVAX), Arbitrum (ARB), Polygon (POL) and Optimism (OP).

This means investors can explore BUIDL, the tokenized fund that launched in March 2024 and issued by real-world asset tokenization provider Securitize, on other chains other than Ethereum.

BlackRock will launch new share classes of BUIDL on the five networks, offering native interaction and near real-time year-round access. Set to benefit are investors and decentralised autonomous organisations among other crypto-native firms.

Securitize chief executive officer and co-founder Carlos Domingo, commented:

“Real-world asset tokenization is scaling, and we’re excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we’ll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do.”

BlackRock’s BUIDL has grown to become the world’s largest tokenized fund by assets under management.

According to data from RWA.xyz, the global RWA on-chain market is over $13 billion. Per the market data, about $2.3 billion is in tokenized treasuries, dominated by BlackRock. The BUIDL fund currently accounts for $521 million of this market, ahead of Ondo U.S. Dollar Yield that as an AUM of $451 million.

The post BlackRock expands BUIDL to Aptos, Arbitrum and Optimism appeared first on CoinJournal.