Robinhood Announces New Layer 2 Blockchain
Main Idea
Robinhood is developing its own Layer 2 blockchain to support tokenized real-world assets and 24/7 trading, while expanding crypto services like Ethereum and Solana staking for U.S. and EU customers.
Key Points
1. Robinhood is building a Layer 2 blockchain optimized for tokenized real-world assets, 24/7 trading, bridging, and self-custody.
2. The platform will offer Ethereum and Solana staking to U.S. customers, following its EU rollout.
3. EU customers already have access to tokenized U.S. stocks, ETFs, and perpetual futures.
Description
California-based financial services firm Robinhood is in the process of building its own layer 2 blockchain on Arbitrum, according to a press release published by the company on Monday. The announcement also featured multiple products and services that will be rolled out to European Union (EU) customers, such as tokenized U.S. stocks, exchange-traded funds (ETFs),
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