According to BlockBeats, on July 3, Robinhood Crypto, Arbitrum, and Offchain Labs launched Rialto, an on-chain spot trading platform powered by PropAMM (proprietary market maker). The platform will support trading in crypto assets, stocks, ETFs, commodities, and pre-IPO assets with self-custodied equities usable as collateral for third-party lending and 24/7 pre-IPO asset trading.
Rialto will operate its own PropAMM liquidity pool "Rivo Altus" while welcoming additional market makers and institutional liquidity providers. Initially, the platform will list over 90 tokenized stocks from Robinhood and major crypto assets.