Roc Nation, the entertainment company founded by rapper Jay Z, has invested in cryptocurrency via the Robinhood trading platform.
In a statement Arrive, a subsidiary of Roc Nation, described its thinking behind the investment stating their support of the mission to make financial markets more accessible.
Neil Sirni, president of Arrive, said: “We believe in Baiju [Bhatt] and Vlad [Tenev]’s mission to make the financial markets more accessible and cost efficient for customers of all size. Robinhood will have our support as they execute the long-term vision of their company.”
Robinhood is currently value at $1.3 billion with three million users on the platform. It offers commission-free investing in US stocks, ETFs, options and – soon – cryptocurrencies.
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