Brokerages and platforms shift onchain, Simon Taylor notes

Brokerages and platforms shift onchain, Simon Taylor notes
Onchain platforms may transform brokerages

Simon Taylor, co-founder at 11:FS, discusses the significance of distribution in the context of platforms and brokerages moving onchain.

Taylor suggests that as more brokerages and platforms become integrated with blockchain technology, there may be a substantial impact on how financial services are delivered and accessed.

Taylor previously highlighted Robinhood's introduction of a 7% yield on dollars for 27.7 million customers via the USDG stablecoin in its investing app offering, as reported in Robinhood introduces 7% yield on dollars to 27.7 million customers via USDG stablecoin. He also shared insights from an exclusive interview with Robinhood App's Johann Kerbrat about 7% yield and stock tokens in Robinhood offers 7% yield and introduces perpetuals, Simon Taylor notes. These events come as platforms explore further integration with blockchain-based products.

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