Robinhood Markets Inc. is developing an Ethereum-compatible layer-2 scaling solution targeting the European Union market, positioning it to compete with platforms like Solana in the tokenized equities sector. The trading platform leverages Arbitrum Stylus technology to attract developers by supporting multiple programming languages, while maintaining compatibility with Ethereum’s robust security infrastructure.
Rival exchange Kraken is advancing its xStocks Alliance initiative to establish a unified standard for tokenized stocks and exchange-traded funds (ETFs), beginning with Solana implementation but planning expansion across multiple blockchains to prevent market fragmentation. Both firms focus on fractional ownership opportunities through blockchain technology, aiming to enhance financial market efficiency and global accessibility of traditional equities. This strategic competition underscores broader industry efforts to integrate conventional finance with decentralized networks.