Robinhood has announced the launch of tokenized stocks and perpetual futures in Europe, marking a new phase in its business model.
Tokenized Stocks and Dividends
The new tokenized stocks built on the Arbitrum blockchain provide investors with digital exposure to American equities like Tesla and Apple. Users will also receive dividends in-app, simulating traditional stock ownership.
Perpetual Futures and Staking
Robinhood is also rolling out perpetual futures in Europe, offering up to 3x leverage, with full availability expected by the end of summer. Additionally, Ethereum and Solana staking are now live for users in the U.S., EU, and EEA.
Market Reaction and Future Plans
Following the news, Robinhood shares surged over 8%, hitting a record $90.49, signaling investor confidence in the platform's aggressive global strategy. CEO Vlad Tenev highlighted the importance of support from EU regulators and mentioned the development of its own Layer 2 blockchain, using Arbitrum for infrastructure.
Robinhood's expansion into Europe with tokenized stocks and perpetual futures demonstrates its commitment to integrating traditional finance with blockchain technologies, opening new opportunities for investors.
