Robinhood is launching an Arbitrum-based tokenized stock product and is currently building an RWA-specific Layer 2 network.

On Monday, June 30th, the digital brokerage firm Robinhood announced that it will expand its crypto business reach through a series of new measures. These include developing its own blockchain network based on Arbitrum and launching tokenized stock trading. Today, the company launched its tokenized stock product on the Ethereum Layer 2 network Arbitrum for European users. It covers more than 200 US stocks and ETFs and supports 24/7 trading on weekdays. Robinhood stated in a press release that this action will upgrade its European crypto app to a "crypto-powered all-in-one investment platform." Robinhood also confirmed that it is constructing a Layer 2 blockchain network optimized for tokenized assets. This new chain based on the Arbitrum technology stack is intended to support 24/7 trading, self-custody, and cross-chain transfer of tokenized assets. Although the specific launch date has not been disclosed, sources familiar with the matter suggest that it may be launched by the end of this year or the beginning of next year.