Robinhood launches layer-2 blockchain for stock trading in Europe
Robinhood is offering tokenized US stocks and ETFs on the Arbitrum blockchain to users in Europe.
Robinhood’s push into real-world assets (RWAs) is gaining momentum, with the digital brokerage launching a tokenization-focused layer-2 blockchain and introducing stock token trading for users in the European Union.
Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced on Monday.
Robinhood’s stock tokens will have zero commissions and be available for trading 24 hours a day, five days a week.