Digital broker Robinhood (HOOD) announced Monday that it will expand its crypto business with a series of new initiatives, including developing its own blockchain network based on Arbitrum and launching tokenized stock trading.
The company today launched a tokenized stock product based on the Ethereum Layer 2 network Arbitrum for European users, covering more than 200 US stocks and ETFs, supporting 24/7 trading on weekdays. Robinhood said in a statement that the move will upgrade its European crypto application to a "crypto-driven all-round investment platform". Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. The new chain based on the Arbitrum technology stack is designed to support 24/7 trading, self-custody and cross-chain transfer of tokenized assets. Although the specific launch date has not been announced, people familiar with the matter said it may be launched by the end of this year or early next year.
Robinhood Launches Arbitrum-Based Tokenized Stock Product, Building RWA's Exclusive Layer 2 Network
2025-06-30 15:06:03
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