Robinhood Unleashes its Own Blockchain to Shake Up Crypto Market
Retail investment app Robinhood has launched its own blockchain, called the Robinhood Chain. This new Layer-2 network of Ethereum allows users to trade tokenized shares of U.S. stocks on a 24/7 basis in over 120 countries.
The chain settles to Ethereum but is built on technology from Arbitrum, which spared Robinhood the work of building an entire product stack from scratch. As a result, ten percent of the net protocol fees incurred on the Robinhood Chain will be routed back to the Arbitrum ecosystem.
RRobinhood's new blockchain has big plans for AI agents, and the company is extending its agent framework to tokenized equities. This could create the possibility of agents transacting in the largest and most liquid financial assets without human help.