$ETH Robinhood will give birth to its cryptocurrency network on Ethereum

They are developing Robinhood Chain, an L2 optimized for tokenized real-world assets (RWA) such as company stocks and ETFs.

Robinhood wants to drive RWA in the digital asset ecosystem. Source: Grok.

The Robinhood network will be powered by Arbitrum, another layer two of Ethereum.

According to the company's CEO, the mainnet will be ready “soon”.

The financial platform Robinhood announced on June 30 the development of Robinhood Chain, a layer two (L2) network based on Ethereum. According to Vlad Tenev, CEO of the company, the mainnet will be operational “soon”.

According to the company's CEO, Robinhood Chain promises to be a permissionless network, meaning that any user or developer will be able to interact with it without restrictions imposed by a central authority. This approach encourages decentralization, a key principle in the cryptocurrency ecosystem. $