Robinhood and T. Rowe Price Explore Tokenized Actively Managed ETF

Robinhood Crypto said on October 9 that it is exploring a Stock Token tied to an actively managed exchange-traded fund with T. Rowe Price Digital Assets, a move that would mark the brokerage’s first tokenized fund run by professional portfolio managers rather than a passive index. The company disclosed the plan in a post on X , adding that any launch would still require legal review, board approval, finalized terms, and regulatory clearance. T. Rowe Price, the Baltimore-based asset manager, oversaw roughly $1.9 trillion in client assets at the end of August.

Source: Blockchain Reporter