Robinhood expands its cryptocurrency business by launching tokenized stocks and its own blockchain.

robot
Abstract generation in progress

On June 30, 【Block Rhythm】, digital broker Robinhood (HOOD) announced on Monday that it will expand its cryptocurrency business through a series of new initiatives, including the development of its own Blockchain network based on Arbitrum and the launch of Token trading.

The company today launched tokenized stock products based on the Ethereum Layer 2 network Arbitrum for European users, covering over 200 US stocks and ETFs, and supporting all-day trading on weekdays. Robinhood stated in a statement that this move will upgrade its European crypto application to a "crypto-driven all-in-one investment platform." Robinhood also confirmed that it is building a Layer 2 blockchain network specifically optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, aims to support all-day trading, self-custody, and cross-chain transfer of tokenized assets. Although a specific launch date has not been announced, insiders have revealed that it may be launched by the end of this year or early next year.

ARB8.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
LiquidatedNotStirredvip
· 07-03 11:03
Ha, it's another way to Be Played for Suckers.
View OriginalReply0
MentalWealthHarvestervip
· 07-01 15:26
This new trick of playing people for suckers.
View OriginalReply0
DegenRecoveryGroupvip
· 06-30 15:34
The Blockchain tycoon is here.
View OriginalReply0
StablecoinAnxietyvip
· 06-30 15:34
The heated Ma Yushan is doomed.
View OriginalReply0
JustHodlItvip
· 06-30 15:33
The dog food finally smells like meat.
View OriginalReply0
WalletAnxietyPatientvip
· 06-30 15:30
Wow! But who will be responsible if something goes wrong?
View OriginalReply0
TokenAlchemistvip
· 06-30 15:30
pathetic attempt at MEV capture tbh
Reply0
ChainMaskedRidervip
· 06-30 15:14
Tomorrow's hot topics are arranged again.
View OriginalReply0
GateUser-36dd6b1dvip
· 06-30 15:08
Does that mean that the coin will rise significantly or not?
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)