Trading platform Robinhood has unveiled significant expansion plans, entering the markets for tokenized equities and cryptocurrency perpetual futures.
The move signifies a broadening of Robinhood’s portfolio beyond traditional stock trading and spot cryptocurrency buying and selling. Tokenized equities represent real-world stock ownership on a blockchain, while perpetual futures contracts provide leveraged exposure to cryptocurrencies without an expiry date.
Simultaneously, Robinhood announced a strategic development initiative: the creation of its own Layer 2 blockchain solution utilizing Arbitrum Orbit technology.
The planned Layer 2 network aims to leverage Arbitrum’s scaling capabilities and security benefits derived from Ethereum. This move signals Robinhood’s ambition to build deeper infrastructure within the blockchain ecosystem.