$BTC Robinhood Announces New Layer 2 Blockchain

California-based financial services firm Robinhood is in the process of building its own layer 2 blockchain on Arbitrum, according to a press release published by the company on Monday.

The announcement also featured multiple products and services that will be rolled out to European Union (EU) customers, such as tokenized U.S. stocks, exchange-traded funds (ETFs), and perpetual futures.

Additionally, U.S. customers will now have access to Ethereum and Solana staking, which is already available to EU clients. “The Robinhood blockchain will be optimized for tokenized real-world assets and built to support 24/7 trading, seamless bridging, and self-custody,” the release states.