US EditionHOOD News: Robinhood Builds on Private Equity Token Push With New Venture Capital Fund
Robinhood Ventures Fund I aims to provide US retail investors access to private companies, addressing the $10 trillion private market traditionally limited to wealthy individuals and institutions.
- On Monday, Robinhood Markets submitted an application to the SEC to introduce Robinhood Ventures Fund I, a new closed-end investment fund.
- The filing follows Robinhood's earlier EU launch of private tokenized stocks, which drew criticism including from OpenAI.
- The fund aims to acquire a focused selection of privately held companies across various industries such as aerospace, AI, fintech, robotics, and software, maintaining these investments through their IPO and thereafter.
- Robinhood intends for the fund's shares to trade under the symbol RVI on NYSE pending SEC approval, enabling retail investors to buy and sell via brokerages including Robinhood Financial LLC.
- This initiative seeks to open up investment opportunities in private companies to regular investors, who have historically had fewer options compared to wealthy institutions.
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Robinhood Plans Retail Access To Venture Fund - FinanceFeeds
What Robinhood Filed With the SEC Robinhood has filed a Form N-2 with the U.S. Securities and Exchange Commission (SEC) to launch its first closed-end venture capital vehicle, the Robinhood Ventures Fund I (RVI). If approved, shares of the fund will list on the New York Stock Exchange, enabling everyday investors to buy and sell exposure to Robinhood’s venture portfolio through regular brokerage accounts. The fund will be managed by Robinhood Ve…
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapRobinhood seeks SEC approval for venture fund accessible to retail investors
Robinhood has filed with the SEC to launch Robinhood Ventures Fund I, a closed-end fund that would give retail investors access to private companies.
Robinhood Ventures Fund I seeks to give retail investors tokenized stakes in private companies - The Cryptocurrency Post
Robinhood announced the creation of Robinhood Ventures Fund I (RVI), a closed-end fund that seeks to offer retail investors exposure to private company holdings through tokenized instruments. The firm filed an initial statement on Form N-2 with the SEC and expects to list the shares on the NYSE, pending regulatory approval. Due to its combination of expanded access and market risks, the initiative impacts retail investors, custody platforms, and…
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