Robinhood has unveiled significant advancements in tokenized finance at the Ethereum Community Conference (ETHCC) in Cannes, including plans for its own Layer-2 blockchain. This marks a strategic pivot from merely crypto trading to a comprehensive investment platform. The company will provide over 200 US stock and ETF tokens to customers in 31 EU and EEA countries, featuring zero commissions, dividend support, and 24/5 trading access. Initially, these stock tokens will be issued on Arbitrum, a well-known Ethereum Layer 2 network. Additionally, Robinhood is developing its own Layer 2 blockchain optimized for real-world asset tokenization, allowing for 24/7 trading and self-custody features. The rollout of crypto perpetual futures for eligible EU customers will also commence, offering up to 3x leverage. Furthermore, US users can stake Ethereum and Solana directly through Robinhood, enhancing competition with native wallets. The platform aims to improve execution quality and analytics, bridging retail access to more professional features. Read more AI-generated news on: https://app.chaingpt.org/news

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