Robinhood Launches Ethereum Layer 2 with Arbitrum
2025-07-02 16:24:10
Main Idea
Robinhood is launching its own Ethereum Layer-2 blockchain, 'Robinhood Chain,' built on Arbitrum, aimed at enabling 24/7 trading of tokenized real-world assets (RWAs), stocks, and ETFs, which has driven its stock price to record highs.
Key Points
1. Robinhood's shares surged by approximately 12% to 13% following the announcement of its proprietary Ethereum Layer-2 blockchain built on Arbitrum.
2. The 'Robinhood Chain' is designed for tokenized real-world assets (RWAs), stocks, and ETFs, enabling 24/7 trading and self-custody.
3. Robinhood has already launched tokenized versions of over 200 US equities and ETFs for European customers, commission-free, via Arbitrum.
4. The company is introducing crypto perpetual futures for EU customers with up to 3x leverage, backed by MiCA licensing.
5. Arbitrum was chosen for its 100% Ethereum Virtual Machine (EVM) compatibility, making it easier to integrate with Ethereum DeFi protocols and liquidity pools.
Description
The main goal behind the launch is to enable 24/7 trading, self-custody, cross-chain interoperability, and seamless settlement without relying on third-party brokers Two days ago, Robinhood said it launched tokens that would allow over 200 US equities and ETFs to be tokenized and tradable commission-free for European customers via Arbitrum, and live 24 hours a day, five days a week Robinhood shares surged by approximately 12% to 13%, hitting record highs Robinhood CEO Vlad Tenev announced that t...
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