Crypto
Robinhood expands tokenised assets with Arbitrum-based layer 2
Robinhood is developing its own layer 2 blockchain based on Ethereum layer 2 network Arbitrum as it moves to expand its asset tokenisation business, CoinDesk reported. The company considered a layer 1 blockchain but chose to build within the Ethereum ecosystem for security and liquidity, according to Johann Kerbrat. Robinhood Chain is in a private testnet and aims to convert assets on Arbitrum One without separate migration. Robinhood’s tokenised stock service has expanded to more than 2,000 stocks from an initial 200, the company said.
