The SEC is proposing to expand accredited investor eligibility beyond income and net worth requirements, including through a new exam administered by FINRA. The roughly 75-question test would cost around $100, be valid for 10 years, and aim to assess investor knowledge of securities, risks, and regulations. The proposal is part of the Trump administration's effort to increase retail access to alternative investments like private equity and hedge funds.
Robinhood held its third HOOD Summit, with CEO Vlad Tenev announcing the platform's expansion into tokenized assets, private stock tokens, and DeFi infrastructure. The company is launching thousands of stock tokens and integrating private inference capabilities through partnerships, positioning itself as a democratized finance platform for retail investors.
Multiple blockchain platforms are advancing real-world asset (RWA) tokenization in Q4 2026. KAIO launched a Mubadala Capital private markets strategy across Base, Solana, and Sui with $75M TVL, while preparing KASH for retail access as the tokenized RWA market approaches $40B. Goldman Sachs brought its $100B Treasury fund to Avalanche via the Lynq platform.