Robinhood reveals layer 2 blockchain amid major crypto expansion
2025-07-04 05:40:34
Main Idea
Robinhood announced the development of a layer-2 blockchain on Arbitrum for tokenizing real-world assets and launched tokenized U.S. stocks and ETFs in the EU, aiming to expand its crypto services globally.
Key Points
1. Robinhood announced a new layer-2 blockchain on Arbitrum to facilitate the tokenization of real-world assets.
2. The company launched tokenized U.S. stocks and ETFs in the EU, targeting over 400 million people across 30 countries.
3. Access to tokenized U.S. stocks and ETFs will initially be via Arbitrum before transitioning to Robinhood’s L2 blockchain.
4. Robinhood is introducing crypto staking in the U.S., starting with Ethereum and Solana.
5. The company acquired Bitstamp and Canadian crypto firm WonderFi to expand its crypto services.
Description
Robinhood Markets, the popular brokerage platform bidding for traction in the cryptocurrency space, has announced the development of a layer-2 blockchain and unveiled a suite of products and services as it expands its crypto offering. The announcement by Robinhood on June 30, 2025 came on the day the Arbitrum ( ARB ) token soared amid speculation of a partnership with the startup. Indeed, Robinhood revealed in its news release that it was building a layer 2 blockchain on Arbitrum. The new L2 blo...
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