Robinhood to launch blockchain for trading tokenised US stocks and ETFs in Europe

  • Robinhood Markets Inc (NASDAQ:HOOD) is building its own blockchain to support the trading of tokenised real-world assets, in a major step that will shift the US fintech's crypto business beyond digital currencies. The new network, a so-called Layer 2 blockchain built on the Arbitrum system, will be designed to handle around-the-clock trading, self-custody of assets, and seamless movement between platforms.