Imagine… that Robin Hood Coop shares were registered on a blockchain and their value was marked-to-market every day.
For starters, this would make the shares much more liquid. Members could easily and instantly buy and sell their shares to and from each other on a blockchain-based marketplace (an after-market, or secondary market, so to say).
Then, in essence, this would transform the share into the world’s first crypto-asset which is backed by a portfolio of stocks. Imagine a “Bitcoin” backed up with a real assets like that! Or even more precisely, the Robin Hood share would become a smart asset backed by the dynamic portfolio of company stocks whose future is shown to be the most promising by the emerging consensus action of the best big players at the market. It is not a bad place to have your money in. Sure, the market fluctuates, but it is difficult to think anything less insecure than equity in such companies. Another financial innovation engineered by Robin Hood R&D team.
But there is more. This could mean that members can directly command their money, what it does, with whom it cooperates and how. The members could allocate their support for certain Robin Hood projects directly, without a decision by the AGM and/or the board. This would be a big step towards a more dynamic and more distributed coop, coop 2.0 – the one we need for of the 21st century.
It could mean that we can also issue shares that can be easily managed by Parasite’s little sisters or by another new algorithm or method. And it could mean that any member or group of members can start their own hedge fund “powered by Robin Hood” or “Robin Hood inside”.
We are happy to announce that this “imaginary what if” is to become reality. RHC has partnered with HitFin, Inc., to develop a blockchain based share management system and the marketplace. At the same time, Robin Hood is planning to move from issuing 30€ nominal value shares to the more familiar model, where members can invest in voluntary shares with any amount of euros, dollars or Bitcoin.
There are a lot of details to discuss, lots of possibilities opening, and – no doubt – also some hurdles and problems ahead. So let’s start!