Robinhood Launches Ethereum Layer-2 Network

Robinhood's stock price surged over 8% on Wednesday after the company launched its Ethereum layer-2 network, Robinhood Chain. The network is built on Arbitrum and aims to connect traditional finance with crypto-based markets. It supports tokenized stock trading, DeFi use cases, and AI agent activity.

The launch of Robinhood Chain comes about four months after the company began testing it on testnet. The network includes integrations from BitGo and Chainlink, as well as partnerships with Uniswap and Pleiades for automated market making and trading-related infrastructure.

Robinhood also launched its Stock Tokens, which represent tokenized, on-chain versions of public company shares. These products include tokenized exposure to major companies such as Nvidia and Apple, and are available through Robinhood Wallet in over 120 countries.