The online brokerage Robinhood announced that it will allow EU customers to trade U.S. stocks and ETFs on the blockchain. These assets, known as 'Robinhood Stock Tokens,' will enjoy zero commissions, and holders will receive dividends within the broker's app.
In addition, Robinhood also plans to transfer these tokenized stocks to its own Layer 2 blockchain, which is said to be 'based on Arbitrum.' Typically, transaction processing speeds will also be faster and more efficient.