According to market news, digital brokerage Robinhood (HOOD) announced on Monday that it will expand its crypto business through a series of new initiatives, including developing its own blockchain network based on Arbitrum and launching tokenized stock trading. The company today launched tokenized stock products based on the Ethereum Layer 2 network Arbitrum for European users, covering more than 200 US stocks and ETFs, and supporting all-weather trading on weekdays. Robinhood said in a statement that this move will upgrade its European crypto application to a "crypto-driven all-in-one investment platform." [ChainCatcher]