Robinhood announced a record 98% surge in crypto revenue year-over-year, reaching $160 million in Q2 2025, driven by increased trading volumes and new plans for real-world asset tokenization.
Record Surge in Crypto Revenue
In its Q2 2025 earnings report, Robinhood reported a surge in crypto revenue to $160 million. This growth is attributed to increased trading activity in digital assets. The company also disclosed a 45% increase in total net revenue to $989 million and a 105% jump in net income to $386 million, exceeding analyst expectations. However, shares did dip slightly in after-hours trading.
Tokenization of Real-World Assets with Robinhood Chain
CEO Vlad Tenev unveiled plans for Robinhood Chain, a new layer-2 blockchain aimed at tokenizing financial assets. The focus is on making previously inaccessible private assets available to retail investors, such as real estate and venture capital. Tenev emphasized that this could be 'the biggest innovation in our industry in the past decade.'
Developer Interest and Legal Challenges
Following the announcement of its asset tokenization strategy, Robinhood has received heightened interest from developers. The company has started offering private equity tokens that mimic shares in firms like OpenAI and SpaceX. Nevertheless, Robinhood's activities have drawn scrutiny from regulators, with authorities in Lithuania initiating an inquiry. OpenAI also issued a warning that the tokens sold by Robinhood do not represent actual equity in the company.
According to Tenev, the scale and regulatory insight provide Robinhood with unique opportunities in the realm of real-world asset tokenization. Active collaboration with regulators and a substantial user base may play a crucial role in the future of tokenized finance.
