Agentic AI · CoinDesk
Robinhood rolls out public blockchain as it broadens deeper into crypto
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Robinhood (HOOD) officially launched the public mainnet for Robinhood Chain, marking the company's biggest step yet into onchain financial infrastructure as it looks to expand beyond brokerage services and into decentralized finance.
Key facts
- Robinhood (HOOD) shares were up 5% during the day, still some 30% off from its October record
- Stock Tokens are available through Robinhood Wallet in more than 120 countries, although availability varies by jurisdiction
- At the same time, the company also said last month it would lay off 10% of its workforce, some 290 employees, to streamline its organization and management structure
- Announced during a Wednesday event in London, Robinhood Chain is a layer-2 blockchain built on Arbitrum (ARB) and designed for tokenized real-world assets and decentralized finance applications
Summary
Robinhood launched the public mainnet for its Layer 2 blockchain, Robinhood Chain, bringing tokenized stock trading live in more than 120 countries and introducing Robinhood Earn, a decentralized lending product offering an estimated 7% yield on USDG. The launch comes as Robinhood expands beyond its brokerage roots into crypto, tokenized assets and AI-powered trading, underscoring how the line between traditional finance and blockchain-based finance continues to blur. Announced during a Wednesday event in London, Robinhood Chain is a layer-2 blockchain built on Arbitrum (ARB) and designed for tokenized real-world assets and decentralized finance applications. With the launch of the public mainnet, Robinhood's tokenized stock products are now also fully live.