On June 30th, digital brokerage Robinhood ($HOOD) announced on Monday that it would 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 for European users based on the Ethereum Layer 2 network Arbitrum, covering more than 200 US stocks and ETFs, supporting 24/7 trading on weekdays. Robinhood said in a statement that the move would upgrade its European crypto app into a "crypto-driven all-in-one investment platform."Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, is designed to support 24/7 trading, self-custody, and cross-chain transfer of tokenized assets. Although the specific launch date has not been announced, sources revealed that it may be launched at the end of this year or early next year. [BlockBeats]
On June 30th, digital brokerage Robinhood (HOOD) announced on Monday that it would 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 for European users based on the Ethereum Layer 2 network Arbitrum, covering more than 200 US stocks and ETFs, supporting 24/7 trading on weekdays. Robinhood said in a statement that the move would upgrade its European crypto app into a "crypto-driven all-in-one investment platform."Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain, based on the Arbitrum technology stack, is designed to support 24/7 trading, self-custody, and cross-chain transfer of tokenized assets. Although the specific launch date has not been announced, sources revealed that it may be launched at the end of this year or early next year. [BlockBeats]
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