Ethereum · Tokenization · The Block
Robinhood Chain goes live on mainnet alongside 24/7 tokenized stocks, Lighter perps and planned crypto agentic trading
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Robinhood (HOOD) CEO Vlad Tenev and other executives unveiled what the company described as its "most ambitious global expansion and product vision to date" on Wednesday.
Key facts
- Lighter raised $68 million in a funding round announced last November at a $1.5 billion valuation that included backing from Robinhood Ventures, and Tenev publicly congratulated founder Vladimir
- Robinhood used Canada Day to officially mark its launch across Canada, following the closure of its $180 million WonderFi acquisition on June 1
- Robinhood launched the first generation of its tokenized U.S. equities at its "To Catch a Token" event in Cannes in June 2025, switching on more than 200 stock and exchange-traded fund tokens
- The company also launched its new Stock Tokens, enabling eligible users to trade 24/7 directly on Robinhood Chain, as well as deploy the assets into lending pools and use them as trading collateral
Summary
"Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate," Johann Kerbrat, SVP and General Manager of Crypto and International at Robinhood, said shared with The Block ahead of the event. The company officially launched the public mainnet of Robinhood Chain, an Ethereum Layer 2 network built using Arbitrum's tech stack "to institutional standards. Robinhood described the chain as permissionless, AI-native, and purpose-built for real-world assets. The company also launched its new Stock Tokens, enabling eligible users to trade 24/7 directly on Robinhood Chain, as well as deploy the assets into lending pools and use them as trading collateral across the broader DeFi ecosystem.