Robinhood is developing its own layer 2 blockchain based on Ethereum layer 2 network Arbitrum and moving to expand its asset tokenisation business, CoinDesk reported on Jan. 11.
Robinhood also reviewed a layer 1 blockchain, but chose to build within the Ethereum ecosystem for security and liquidity, CoinDesk reported, citing Robinhood crypto chief Johann Kerbrat.
"Key factors such as security, decentralisation and liquidity can be obtained from Ethereum, and we can focus on building what we do well," he said.
Robinhood Chain is currently in a private testnet phase. It is being designed to allow assets operating on Arbitrum One to be converted without separate migration.
The company said Robinhood's tokenised stock service, launched in July 2025, has expanded to more than 2,000 stocks from an initial 200.
Kerbrat said the company plans to expand tokenisation beyond listed stocks to real-world assets such as private equity stakes, real estate and artworks. Robinhood is also expanding its cryptocurrency staking services.
Chi-gyu Hwang
delight@d-today.co.kr