Robinhood submits a proposal to the US SEC to establish a "tokenized real-world asset regulatory framework" According to Forbes, online brokerage Robinhood has submitted a 42 page proposal to the US SEC, suggesting the establishment of a federal regulatory framework for tokenized real-world assets (RWAs). The core content of the proposal includes: Require the establishment of legal equivalence status between asset tokens and underlying assets; Build a Real World Asset Exchange (RRE) that adopts a hybrid architecture of off chain matching and on chain settlement; Integrate Jumio and Chainalysis compliance tools. If this proposal is approved, the framework may provide a compliance pathway for traditional financial institutions to participate in on chain asset trading. At present, the SEC has not responded to the proposal, and analysts point out that it faces implementation challenges such as tax policies and cross-border regulatory coordination.