Gate News reports that on March 9, according to Fortune, Robinhood CEO Vlad Tenev rang the opening bell at the New York Stock Exchange last Friday (March 7) to celebrate the launch of Robinhood Ventures Fund I, a private market investment vehicle. This closed-end fund aims to give retail investors indirect exposure to popular private tech companies, allowing them to trade shares on the secondary market but not redeem the underlying assets on the platform. The stock faced pressure on its first trading day, dropping about 11% below the offering price. Vlad Tenev stated that Robinhood is continuously promoting the openness and tokenization of the private market, hoping to enable ordinary investors to access private company equity, which has traditionally been available only to institutions and qualified investors, through blockchain technology and new financial structures. Previously, Robinhood tested a tokenized version of shares in private companies like OpenAI in Europe as part of its exploration of bringing private equity onto the blockchain.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
