Robinhood submitted a letter to create a federal framework for tokenized real-world assets, aiming to modernize U.S. securities markets.

For years, the financial world has talked about tokenizing real-world assets (RWAs). RWA tokenization is projected to become a $30 trillion market by 2030, according to research from The Trading View. This surge is driven by rising institutional interest in onchain financial products, offering faster settlement, greater transparency, and broader asset access.

Robinhood contributed materials to the SEC’s Crypto Task Force as part of its open call for written input, including a nine-page comment letter on tokenization. The article offered principles and considerations for how existing frameworks could accommodate tokenized assets.

Propy is a blockchain-based real estate platform that has processed over $4 billion in transactions across 12 countries, enabling automated property transfers, smart contracts, and onchain title deeds. As Natalia Karayaneva, CEO of Propy, told me, “Robinhood’s letter to the SEC is a significant step toward modernizing our financial infrastructure. By advocating for token-asset equivalence and a unified federal framework, they are addressing the fragmentation that has long hindered innovation in asset tokenization.

That one change, if approved, would eliminate the need for duplicate systems and ambiguous ownership rights. It would also allow broker-dealers like Robinhood to custody and trade tokenized assets using existing regulatory guardrails, not separate, uncertain structures.