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Robinhood Pushes Deeper Into Crypto With Own Blockchain, Tokenized Stock Launch

2025-06-30 15:23:58

Robinhood Pushes Deeper Into Crypto With Own Blockchain, Tokenized Stock Launch

Main Idea

Robinhood is expanding its crypto services by launching tokenized stocks and ETFs for EU users on Arbitrum and developing its own blockchain for tokenized assets, aiming to integrate crypto into the global financial system.

Key Points

1. Robinhood announced the launch of tokenized U.S. stocks and ETFs for EU users, initially on Arbitrum, with plans to deploy them on its own blockchain in the future.

2. The company is building a layer-2 blockchain network based on Arbitrum's tech stack to support 24/7 trading, self-custody, and cross-chain bridging of tokenized assets.

3. Robinhood's CEO stated that these offerings aim to make crypto the backbone of the global financial system, with the tokenized asset market projected to reach $18.9 trillion by 2033.

4. Other crypto exchanges like Bybit, Kraken, and Gemini have also started offering tokenized stocks, while Coinbase is reportedly seeking regulatory approval to do the same.

5. Robinhood has introduced crypto staking for U.S. investors and acquired Bitstamp for $200 million to further expand its crypto services.

Description

Digital brokerage Robinhood (HOOD) is extending its crypto footprint with a slate of new offerings, including developing its own blockchain network based on Arbitrum ARB and launching tokenized stocks trading, the company announced on Monday. The firm today has debuted its stock token offering, issued on the Ethereum layer-2 Arbitrum, for European users, giving access to over 200 U.S. equities and ETFs witt around-the-clock trading during weekdays. With the launch, Robinhood is expanding its cry...

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Finance Robinhood Tokenization Arbitrum Ethereum News
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