{"id":2495,"date":"2025-07-08T17:06:49","date_gmt":"2025-07-08T17:06:49","guid":{"rendered":"https:\/\/www.coinspeaker.com\/jp\/?p=2495"},"modified":"2025-07-09T16:07:41","modified_gmt":"2025-07-09T07:07:41","slug":"robinhood-tokenized-equities-private-companies-eu","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/jp\/robinhood-tokenized-equities-private-companies-eu\/","title":{"rendered":"\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306e\u30c8\u30fc\u30af\u30f3\u5316\u682a\u5f0f\u3001\u975e\u516c\u958b\u4f01\u696d\u3082\u5bfe\u8c61\u3067\u7269\u8b70"},"content":{"rendered":"
\u30aa\u30f3\u30e9\u30a4\u30f3\u8a3c\u5238\u306e\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306f8\u65e5\u3001\u540c\u793e\u304c\u6b27\u5dde\u9023\u5408\uff08EU\uff09\u3067\u958b\u59cb\u3057\u305f\u30c8\u30fc\u30af\u30f3\u5316\u682a\u5f0f\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u3064\u3044\u3066\u3001\u305d\u306e\u8a73\u7d30\u3068\u5e02\u5834\u306e\u53cd\u5fdc\u3092\u5831\u544a\u3057\u305f<\/a>\u3002<\/p>\n \u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f6\u670830\u65e5\u306b\u30ed\u30fc\u30f3\u30c1\u3055\u308c\u3001\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\uff08ETH\uff09\u306e\u30ec\u30a4\u30e4\u30fc2\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3067\u3042\u308b\u30a2\u30fc\u30d3\u30c8\u30e9\u30e0\u4e0a\u3067\u7a3c\u50cd\u3059\u308b\u3002\u3053\u308c\u306b\u3088\u308a\u3001EU\u306e\u5229\u7528\u8005\u306f\u7c73\u56fd\u306e\u516c\u958b\u682a\u5f0f\u306b\u9023\u52d5\u3059\u308b\u30c8\u30fc\u30af\u30f3\u3092\u53d6\u5f15\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3002<\/p>\n \u540c\u793e\u306f\u30a4\u30fc\u30b5\u30ea\u30a2\u30e0\u3084\u30bd\u30e9\u30ca\uff08SOL\uff09\u306e\u30b9\u30c6\u30fc\u30ad\u30f3\u30b0\u3001\u7121\u671f\u9650\u5148\u7269\u53d6\u5f15\u306a\u3069\u3001\u6697\u53f7\u8cc7\u7523\uff08\u4eee\u60f3\u901a\u8ca8\uff09\u95a2\u9023\u306e\u30b5\u30fc\u30d3\u30b9\u3092\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u4eca\u56de\u306e\u52d5\u304d\u3082\u305d\u306e\u4e00\u74b0\u3060\u3002\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u300124\u6642\u9593\u90315\u65e5\u306e\u53d6\u5f15\u3068\u9ad8\u984d\u306a\u682a\u5f0f\u306e\u5206\u6570\u6240\u6709\u3092\u4e00\u822c\u5316\u3059\u308b\u3053\u3068\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u3002<\/p>\n \u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u6ce8\u76ee\u3092\u96c6\u3081\u308b\u4e00\u56e0\u306f\u3001OpenAI\u3084SpaceX\u3068\u3044\u3063\u305f\u975e\u516c\u958b\u4f01\u696d\u306e\u682a\u5f0f\u3082\u5bfe\u8c61\u306b\u542b\u3093\u3060\u70b9\u306b\u3042\u308b\u3002\u3057\u304b\u3057\u3001OpenAI\u306f\u5373\u5ea7\u306b\u3053\u308c\u3092\u5426\u5b9a\u3057\u3001\u682a\u5f0f\u8b72\u6e21\u306b\u95a2\u3059\u308b\u3044\u304b\u306a\u308b\u627f\u8a8d\u3082\u884c\u3063\u3066\u3044\u306a\u3044\u3068\u767a\u8868\u3057\u305f\u3002<\/p>\n \u3053\u308c\u306b\u5bfe\u3057\u3001\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306e\u30a6\u30e9\u30b8\u30df\u30fc\u30eb\u30fb\u30c6\u30cd\u30d5CEO\u306f\u3001\u3053\u306e\u53d6\u308a\u7d44\u307f\u306e\u6b63\u5f53\u6027\u3092\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002 \u3057\u304b\u3057\u3001\u305d\u306e\u5177\u4f53\u7684\u306a\u30e1\u30ab\u30cb\u30ba\u30e0\u306f\u4f9d\u7136\u3068\u3057\u3066\u4e0d\u900f\u660e\u306a\u90e8\u5206\u304c\u591a\u3044\u3002OpenAI\u306f\u682a\u5f0f\u8b72\u6e21\u306b\u306f\u53b3\u683c\u306a\u627f\u8a8d\u304c\u5fc5\u8981\u3060\u3068\u5f37\u8abf\u3057\u3066\u304a\u308a\u3001\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u304c\u63a1\u7528\u3059\u308bSPV\u69cb\u9020\u306e\u5b9f\u73fe\u6027\u306b\u7591\u554f\u3092\u6295\u3052\u304b\u3051\u3066\u3044\u308b\u3002<\/p>\n \u3053\u3046\u3057\u305f\u72b6\u6cc1\u3092\u53d7\u3051\u3001\u7279\u306bOpenAI\u306e\u3088\u3046\u306a\u4f01\u696d\u3068\u306e\u6b63\u5f0f\u306a\u63d0\u643a\u304c\u306a\u3044\u70b9\u306b\u3064\u3044\u3066\u3001EU\u306e\u898f\u5236\u5f53\u5c40\u306f\u76e3\u8996\u3092\u5f37\u3081\u3066\u3044\u308b\u3002<\/p>\n \u4e16\u754c\u7684\u306b\u898f\u5236\u304c\u65ad\u7247\u5316\u3057\u3066\u3044\u308b\u3053\u3068\u3082\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u5c55\u958b\u306e\u8907\u96d1\u3055\u3092\u5897\u3059\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n \u4e00\u65b9\u3067\u3001\u30c8\u30fc\u30af\u30f3\u5316\u3055\u308c\u305f\u73fe\u5b9f\u4e16\u754c\u8cc7\u7523\uff08RWA\uff09\u306e\u5e02\u5834\u306f\u6025\u901f\u306b\u62e1\u5927\u3057\u3066\u3044\u308b\u30022025\u5e74\u4e0a\u534a\u671f\u306b\u306f\u524d\u5e74\u6bd4260%\u5897\u306e230\u5104\u30c9\u30eb\uff08\u7d043\u51463,810\u5104\u5186\uff09\u898f\u6a21\u306b\u9054\u3057\u305f\u3002\u898f\u5236\u306e\u660e\u78ba\u5316\u3084\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53c2\u5165\u304c\u3001\u3053\u306e\u6210\u9577\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u308b\u3002<\/p>\n \u975e\u516c\u958b\u4f01\u696d\u306b\u3068\u3063\u3066\u3001\u682a\u5f0f\u306e\u30c8\u30fc\u30af\u30f3\u5316\u306f\u65b0\u898f\u682a\u5f0f\u516c\u958b\uff08IPO\uff09\u3092\u7d4c\u305a\u306b\u8cc7\u91d1\u3092\u8abf\u9054\u3059\u308b\u6226\u7565\u7684\u306a\u624b\u6bb5\u3068\u306a\u308a\u3046\u308b\u3002\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3<\/a>\u6280\u8853\u306e\u52b9\u7387\u6027\u3092\u6d3b\u7528\u3067\u304d\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304b\u3089\u3060\u3002<\/p>\n \u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306f\u3001\u56fd\u5883\u3092\u8d8a\u3048\u305f\u53d6\u5f15\u306e\u969c\u58c1\u3092\u53d6\u308a\u6255\u3044\u3001\u5206\u6570\u6240\u6709\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3001\u4f1d\u7d71\u7684\u306a\u91d1\u878d\u5e02\u5834\u306b\u5909\u9769\u3092\u3082\u305f\u3089\u3059\u3053\u3068\u3092\u72d9\u3063\u3066\u3044\u308b\u3002<\/p>\n \u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u767a\u8868\u5f8c\u3001\u30a2\u30fc\u30d3\u30c8\u30e9\u30e0\u306e\u30cd\u30a4\u30c6\u30a3\u30d6\u30c8\u30fc\u30af\u30f3\u3067\u3042\u308b\u30a2\u30fc\u30d3\u30c8\u30e9\u30e0\uff08ARB\uff09\u306e\u4fa1\u683c\u306f9%\u4e0a\u6607\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u57fa\u76e4\u306e\u682a\u5f0f\u5546\u54c1\u306b\u5bfe\u3059\u308b\u5e02\u5834\u306e\u4fe1\u983c\u611f\u3092\u793a\u3059\u3082\u306e\u3060\u3002<\/p>\n \u540c\u793e\u306f\u73fe\u5728\u3001\u975e\u516c\u958b\u682a\u5f0f\u30c8\u30fc\u30af\u30f3\u3092\u8a66\u9a13\u6bb5\u968e\u3068\u4f4d\u7f6e\u3065\u3051\u3066\u3044\u308b\u304c\u3001\u5c06\u6765\u7684\u306b\u306f\u30a2\u30fc\u30d3\u30c8\u30e9\u30e0\u3092\u57fa\u76e4\u3068\u3057\u305f\u5c02\u7528\u306eL2\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306e\u7acb\u3061\u4e0a\u3052\u3082\u8a08\u753b\u3057\u3066\u3044\u308b\u3002<\/p>\n \u3053\u306e\u30b5\u30fc\u30d3\u30b9\u306f\u73fe\u5728\u3001EU\u304a\u3088\u3073\u6b27\u5dde\u7d4c\u6e08\u9818\u57df\uff08EEA\uff09\u306e\u9867\u5ba2\u306b\u9650\u5b9a\u3055\u308c\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306f\u3001\u5404\u56fd\u306e\u898f\u5236\u5f53\u5c40\u306e\u627f\u8a8d\u3092\u6761\u4ef6\u306b\u3001\u4e16\u754c\u7684\u306a\u5c55\u958b\u3092\u8996\u91ce\u306b\u5165\u308c\u3066\u3044\u308b\u3002<\/p>\n\u7269\u8b70\u3092\u91b8\u3059\u975e\u516c\u958b\u4f01\u696d\u306e\u30c8\u30fc\u30af\u30f3\u5316<\/h2>\n
\n\u516c\u958b\u682a\u5f0f\u306e\u30c8\u30fc\u30af\u30f3\u306f\u76f4\u63a5\u7684\u306a\u6240\u6709\u6a29\u3092\u53cd\u6620\u3059\u308b\u304c\u3001\u975e\u516c\u958b\u682a\u5f0f\u306f\u7279\u5225\u76ee\u7684\u4e8b\u696d\u4f53\uff08SPV\uff09\u3092\u4ecb\u3059\u308b\u4ed5\u7d44\u307f\u3060\u3068\u3055\u308c\u308b\u3002<\/p>\n\u6025\u6210\u9577\u3059\u308b\u5e02\u5834\u3068\u30ed\u30d3\u30f3\u30d5\u30c3\u30c9\u306e\u6226\u7565<\/h2>\n