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Robinhood Upgrades Tokenized Stock Dividend Mechanism, Dividend Entitlement Counted on Ex-Dividend Date

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Odaily News: Johann Kerbrat, General Manager of Robinhood International and Crypto, said that dividend entitlements for stock tokens can now be automatically credited on the ex-dividend date, without waiting weeks for the dividend payment date. This mechanism already covers most stock tokens and will be expanded to more products in the future.

Robinhood stated that stock tokens are tokenized debt securities, are not offered to persons within the United States or U.S. persons, and are restricted in jurisdictions such as Canada, the United Kingdom, and Switzerland.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.