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Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old

On April 6, the U.S. Treasury announced that Robinhood, in collaboration with BNY Mellon, has been selected as the broker and initial custodian for the "Trump Accounts" (also known as 530A accounts). Established under the "Big and Beautiful" Act authorized by former President Trump in June 2025, the program aims to create tax-advantaged investment accounts for children born between January 1, 2025, and January 1, 2029. Each account will receive an initial $1,000 from the federal government. Private donations, such as Michael Dell’s $6.25 billion contribution, will add $250 for eligible lower-income families. Families can also deposit up to $5,000 annually per child. Funds are restricted to low-cost index funds or ETFs tracking broad market indices like the S&P 500 and cannot be withdrawn until the child turns 18. With an estimated 14.4 million children eligible, the program could inject over $14.4 billion in government funds alone, growing significantly with private and family contributions. This creates a long-term, passively managed pool of capital potentially worth hundreds of billions of dollars. Robinhood stands to benefit significantly by gaining millions of young users who will be tied to the platform from birth, with their accounts converting to IRA-like structures upon adulthood. This provides Robinhood with a long-term client base, stable custodial assets, and entry into government-backed financial infrastructure, diversifying its business beyond its traditional retail trading focus. The rollout is set for July 4, 2026, ahead of the midterm elections.

marsbit04/08 06:43

Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old

marsbit04/08 06:43

Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old

US Treasury designates Robinhood as broker and initial trustee for "Trump Accounts" (also known as 530A accounts), a tax-advantaged investment program established under the "Big and Beautiful" Act. The initiative, aimed at children born between January 1, 2025, and January 1, 2029, provides each eligible newborn with a $1,000 initial federal deposit. Private donors, such as Michael Dell, have also contributed significantly. The accounts are restricted to low-cost index funds tracking broad market indices like the S&P 500, and funds are locked until the child turns 18. With an estimated 14.4 million children eligible, the program represents a potential $14.4 billion in initial government funding, growing to hundreds of billions with private and family contributions. This creates a long-term, passive investment pool of potentially trillions of dollars. Robinhood, selected over competitors like JPMorgan and Charles Schwab, stands to be a major beneficiary. The deal grants the platform millions of new, long-lifecycle users—the oldest are one year old, the youngest are yet to be born—who are effectively locked into its ecosystem. Upon turning 18, these accounts convert to IRA-like retirement accounts, allowing Robinhood to capture their adult investing activity. The stable, long-term, and predictable nature of these assets also diversifies Robinhood's business beyond its reliance on active retail trading. The government endorsement significantly boosts its institutional credibility and opens new avenues in wealth management.

Odaily星球日报04/07 09:31

Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old

Odaily星球日报04/07 09:31

Coinbase Secures Conditional OCC Approval For National Trust Charter – Details

Coinbase, the largest US crypto exchange, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Coinbase National Trust Company. This marks a significant step toward becoming a federally regulated crypto custodian. The company clarified that this charter does not make it a commercial bank, and it will not take retail deposits or engage in fractional reserve banking. Instead, it aims to bring federal regulatory uniformity to its custody and market infrastructure business. This approval validates Coinbase's regulatory approach and allows it to expand its reach and conduct new business. It also signals a shift in the federal regulatory framework to align with the evolving crypto landscape. However, the move faces opposition from US banks and lawmakers, including the American Bankers Association and Senator Elizabeth Warren, who have raised concerns about regulatory arbitrage and called for delays until clearer rules are established. Coinbase joins other firms like Ripple, Circle, and Fidelity that have also received similar OCC approvals.

bitcoinist04/03 10:31

Coinbase Secures Conditional OCC Approval For National Trust Charter – Details

bitcoinist04/03 10:31

Here’s what happened in crypto today: $323M BTC ETF outflows, SEC signals shift & more…

Bitcoin (BTC) erased recent gains, dropping 10% to around $70K after hitting a local high of $76K, driven by $323 million in net outflows from spot BTC ETFs. The pullback found potential support at the 50-day SMA. Meanwhile, Morgan Stanley amended its S-1 filing for a spot BTC ETF (ticker: MSBT), which, if approved, would make it the first major U.S. bank to issue such a product. Additionally, SEC Chair Paul Atkins clarified that the agency’s recent interpretation deeming most digital assets as non-securities is just the beginning, with proposed rules and a regulatory sandbox expected soon to guide innovation and protect investors.

ambcrypto03/20 11:17

Here’s what happened in crypto today: $323M BTC ETF outflows, SEC signals shift & more…

ambcrypto03/20 11:17

BlackRock Lists iShares Staked Ethereum Trust ETF on Nasdaq

BlackRock has registered its iShares Staked Ethereum Trust ETF (ticker: ETHB) on Nasdaq, marking its first crypto product to include Ethereum staking and the third such product available to U.S. investors. The ETF holds spot Ethereum and stakes 70% to 95% of its assets, distributing 82% of staking rewards to investors monthly. The remaining 18% is allocated to the trust, custodians, and staking providers. A sponsor fee of 0.25% is temporarily reduced to 0.12% for the first $2.5 billion in assets during the first year to encourage early adoption. Coinbase serves as the primary custodian and staking provider, receiving 10% of staking rewards, which decreases to 6% if assets reach $20 billion. Other entities involved are custodian Anchorage Digital and validators Figment Inc., Galaxy Blockchain Infrastructure LLC, and Attestant Limited. ETHB joins BlackRock’s existing crypto products, including the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA). Competitor Grayscale offers similar staking products with varying reward distributions and fee structures.

TheNewsCrypto03/13 06:04

BlackRock Lists iShares Staked Ethereum Trust ETF on Nasdaq

TheNewsCrypto03/13 06:04

Delphi Digital: The Era of Tokenization Has Arrived

Tokenized U.S. Treasuries surpassed $10 billion in January 2024, led by institutions like BlackRock and Franklin Templeton. While government bonds are relatively straightforward to tokenize due to their standardized nature, equities present greater complexity because they involve shareholder rights such as voting and legal ownership. Two primary models exist: custodian-backed tokens (e.g., xStocks, Backed) offer price exposure but not direct ownership, while transfer agent-registered tokens (e.g., Superstate, Securitize) record holders directly on the shareholder registry, granting full rights. The latter enables functionalities like 24/7 trading, use as collateral in DeFi, cross-margin capabilities with crypto assets, and direct capital raises without traditional underwriters. However, challenges remain, including fragmented liquidity across blockchains, KYC/AML compliance friction, varying international regulations, and limited integration with traditional exchanges. While Nasdaq has applied to trade tokenized securities, broader market adoption depends on regulatory clarity and improved liquidity. The market is betting that the transfer agent model—which offers real ownership—will outperform custodian-based structures. Equities can now be settled instantly, traded around the clock, and used as collateral, but whether this becomes standard depends on regulatory and liquidity developments.

比推02/18 19:14

Delphi Digital: The Era of Tokenization Has Arrived

比推02/18 19:14

Wrapped Real-World Assets (RWA)

Packaged Real-World Assets (RWAs) are a contentious yet pragmatic approach to bringing traditional assets on-chain. Unlike native RWAs, where ownership and transfers are fully on-chain and legally recognized, packaged RWAs use tokens as representations of off-chain assets held by custodians, SPVs, or brokers. This often draws criticism from crypto purists who prioritize trust minimization, as packaged RWAs reintroduce intermediaries and traditional legal frameworks. The core issue lies in ownership: some tokens provide legal ownership, while others only offer price exposure without actual asset ownership. Packaged RWAs are not ideal but serve as a bridge for institutional capital that cannot immediately adopt fully native on-chain systems due to existing legal and operational constraints. Key challenges include proving the existence and uniqueness of underlying assets without double-counting, and ensuring timely updates to reflect real-time market conditions. The solution is not full transparency—which could expose sensitive data—but verifiable constraints: proving critical facts like collateralization and asset backing without disclosing everything. Effective packaged RWAs require three elements: clear legal rights, independent verification (not just issuer-controlled dashboards), and high-frequency updates to ensure accuracy. They are a transitional tool, not the end goal, and must evolve with better validation, privacy-preserving proofs, and real-time attestations to gain trust and utility.

marsbit02/10 10:25

Wrapped Real-World Assets (RWA)

marsbit02/10 10:25

Grayscale Registers for U.S. Spot BNB ETF Following VanEck Proposal

Grayscale has filed with the U.S. SEC to launch a spot BNB ETF, named the Grayscale BNB Trust (ticker: GBNB), aiming to list on Nasdaq. The filing, submitted on January 23, would allow investors to gain exposure to BNB without holding the token directly. Coinbase is designated as the prime broker and custodian. This marks the second BNB ETF proposal, following an earlier application by VanEck in April 2025. Both are still under SEC review and require further regulatory approval. Following the news, BNB’s price saw minor fluctuations, trading around $890. Grayscale also recently filed for a NEAR Trust ETF, signaling its expanded focus on altcoin ETFs.

TheNewsCrypto01/24 11:49

Grayscale Registers for U.S. Spot BNB ETF Following VanEck Proposal

TheNewsCrypto01/24 11:49

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