Robinhood has announced the launch of its Web3 services, including staking for Ethereum and Solana, at the ETHCC 2025 event in Cannes. These initiatives aim to bridge traditional financial instruments with cryptocurrencies.
Robinhood Expands into Web3 with Ethereum and Solana Staking
Robinhood has launched its Web3 services, including staking for Ethereum and Solana in the U.S. This move was announced at the ETHCC 2025 in Cannes. Led by CEO Vlad Tenev, Robinhood is also introducing tokenized stocks in the EU using Arbitrum's blockchain, while its proprietary Layer 2 is still under development.
Robinhood Stock Surges 8% on Web3 Expansion
The expansion of Robinhood's services has led to its stock reaching historical highs, reflecting strong market confidence. The availability of tokenizable assets enhances access for retail investors, and the integration of tokenization with staking options increases Robinhood's competitive position, aligning with regulatory guidelines.
Robinhood Distinguishes Approach with In-House Development
Previous attempts by exchanges like Coinbase to tokenize securities highlight the complexities of regulatory compliance. Robinhood distinguishes itself through in-house development. Vlad Tenev stated, "Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system."
Robinhood's expansion into Web3, through staking and tokenization of stocks, emphasizes the importance of integrating cryptocurrency technologies into traditional financial systems. These steps will enhance investment accessibility and contribute to changing the financial landscape.
