Digital brokerage Robinhood (HOOD) is extending its crypto footprint with a slate of new offerings, including developing its own blockchain network based on Arbitrum ARB and launching tokenized stocks trading, the company announced on Monday.
The firm today has debuted its stock token offering, issued on the Ethereum layer-2 Arbitrum, for European users, giving access to over 200 U.S. equities and ETFs witt around-the-clock trading during weekdays. With the launch, Robinhood is expanding its crypto-focused EU app with tokenized stocks into an „all-in-one investment app powered by crypto,” the company said in a release shared with CoinDesk.
The firm also confirmed it’s building its own layer-2 blockchain network optimized for tokenized assets. The upcoming chain, based on the Arbitrum tech stack, is aimed to support 24/7 trading, self-custody and cross-chain bridging of tokenized assets. A release date has not been disclosed, but persons familiar with the matter said it could go live ar
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