Trading platform Robinhood announced the development of its own layer 2 blockchain, designed to power the tokenization of real-world assets like stocks and exchange-traded funds (ETFs).

The new blockchain will be based on the Arbitrum technology stack and is intended to support features like 24/7 trading, seamless bridging, and self-custody for tokenized assets.

Robinhood shared its plans as part of a broader announcement of its tokenized stock offerings to customers in the EU. These tokens will initially be issued on Arbitrum before moving to Robinhood’s native L2 chain.


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“Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,” said Robinhood CEO Vlad Tenev. 

Shares in Robinhood rallied 12.77% to a record high ahead of $93 on the news, rising a further 13% after hours.