Robinhood has launched a tokenization-focused layer-2 blockchain built on Arbitrum, marking a major step in its real-world asset (RWA) strategy. The platform now allows European Union investors to trade tokenized versions of over 200 U.S. stocks and ETFs around the clock, five days a week—commission-free.
The move is part of Robinhood’s broader crypto and derivatives expansion in Europe. The firm also introduced perpetual futures with up to 3x leverage, routed through Bitstamp, the crypto exchange it recently acquired for $200 million.
This launch places Robinhood among a growing list of firms pushing stock tokenization in the EU, following Gemini’s recent offering of tokenized Strategy (MSTR) shares.
The announcement comes on the heels of Robinhood’s rollout of micro futures for Bitcoin, XRP, and Solana, and follows its $179 million acquisition of Canadian crypto operator WonderFi in May.
Robinhood is also lobbying U.S. regulators to develop a national framework for tokenized assets. The company has proposed a Real World Asset Exchange, aimed at bridging offchain trading with onchain settlement.
While the RWA market has surged past $24 billion, most of that growth has come from private credit and tokenized Treasurys. Tokenized stocks currently account for less than $400 million—a figure Robinhood aims to significantly increase.
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