Robinhood continues to expand its offerings, launching tokenized stock trading and a new blockchain for users in Europe.
New Layer-2 Blockchain
Robinhood announced the launch of a new layer-2 blockchain built on Arbitrum. This solution will enable the issuance of over 200 US stock and ETF tokens, accessible to European investors, allowing them to trade US assets with zero commissions 24/5.
Expansion of Robinhood's Crypto Services
In addition to tokenized stock trading, Robinhood has also launched perpetual futures for EU traders, providing access to derivatives with up to three times leverage. These trades will be routed through the crypto exchange Bitstamp, which Robinhood acquired for $200 million.
Growth of the Tokenized Asset Market
The market for tokenized real-world assets has grown significantly over the past year, eclipsing $24 billion. However, much of this growth has been driven by private credit and US Treasury debt, with tokenized stocks accounting for less than $400 million.
Robinhood's expansion into stock tokenization and the launch of a new blockchain highlights the company's efforts to adapt to the changing financial landscape and meet the interests of investors in both the US and Europe.
