Robinhood has minted 2,309 tokenized shares representing OpenAI stock (ticker: o) on the Arbitrum network, utilizing the Ethereum Layer-2 scaling solution. The transaction was executed through Robinhood’s deployer address 0xcB…f556 with minimal gas fees totaling 0.00233 ETH (approximately $0.03).
This issuance aligns with Robinhood EU’s strategic expansion into tokenizing high-profile equities, including OpenAI and SpaceX, broadening investor access through blockchain technology.
The activity signals accelerating integration between traditional equity markets and decentralized finance (DeFi), enabling fractional ownership and enhanced liquidity for conventional assets within blockchain ecosystems. Arbitrum’s low-cost infrastructure facilitates such innovations, bridging legacy financial systems with emerging digital frameworks.