Robinhood launches tokenized stocks and own blockchain in Europe

Robinhood, the digital trading platform, is expanding its cryptocurrency operations by developing its own blockchain network and launching tokenized stock trading services. The company announced on Monday that it has launched in Europe a token offering for over 200 U.S. stocks and ETFs, available for trading during weekdays, 24/5. These tokens are issued on the Ethereum layer-2 Arbitrum network.

Robinhood aims to transform its European app into a full crypto-powered investment platform. The company is also developing a layer-2 blockchain network, based on Arbitrum technology, optimized for tokenized assets, enabling nonstop trading, self-custody, and cross-chain interoperability. No official launch date has been announced, but sources close to the project estimate it could debut later this year or early next year.

Additionally, Robinhood will provide access to tokens representing private stocks, starting with companies like OpenAI and SpaceX.