Robinhood is building an Ethereum Layer-2 blockchain called Robinhood Chain, based on Arbitrum, targeting EU users for tokenized assets like stock and ETF tokens.
This move aims to revolutionize digital finance infrastructure, marking Robinhood’s strategic entry into on-chain finance by leveraging Ethereum’s security and Arbitrum’s scalability.
Robinhood Unveils Ethereum L2 ‘Robinhood Chain’
Robinhood announces the creation of the “Robinhood Chain”, an Ethereum Layer-2 solution based on Arbitrum. This initiative is aimed at supporting the trading of tokenized real-world and digital assets, initially targeting stock and ETF tokens for EU users. Robinhood expands crypto features, launches stock tokens and staking tools.
Led by CEO Vlad Tenev and Johann Kerbrat, GM of Robinhood Crypto, this venture seeks to make crypto more accessible. “Crypto was built by engineers for engineers, and has not been accessible to most people. We’re onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.” 5 The Robinhood Chain will leverage Ethereum’s security framework to facilitate seamless trading experiences.
Blockchain Move Signals Finance Industry Shift
The introduction of Robinhood Chain signifies a shift towards integrating tokenized assets into mainstream financial systems. With Ethereum as its foundation, this move could influence the adoption of blockchain technology in traditional markets.
Potential repercussions include increased regulatory scrutiny and a focus on efficient trading operations, particularly in the EU. Financial impacts could attract more institutional interest, while technically, it underscores Ethereum’s role in real-world asset tokenization. Overview of crypto developments in the upcoming year 2025.
Robinhood Chain: Following Industry Trends
Similar initiatives, like Binance’s BNB Chain, reflect a growing trend among platforms to build dedicated blockchain solutions. Robinhood’s path aligns with the broader movement towards decentralized finance solutions in centralized ecosystems.
Experts from Kanalcoin anticipate that Robinhood Chain could enhance crypto accessibility, blending traditional assets with blockchain efficiencies. Data suggests growing market demand for platforms that simplify user experiences, challenging other financial services. Phemex express P2P crypto trading service.
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