Robinhood is expanding its crypto offerings by launching tokenized stock trading for European users and developing its own blockchain network based on Arbitrum. The new stock token service provides access to over 200 U.S. equities and ETFs, enabling 24/7 trading during weekdays. As part of its crypto strategy, Robinhood confirmed it is building a layer-2 blockchain optimized for these tokenized assets, with a potential launch later this year or early next year. The company is also introducing perpetual swaps for European users and crypto staking for U.S. investors, beginning with Ethereum and Solana. Additionally, private equity tokens for companies like OpenAI and SpaceX will be made available. Robinhood aims to enhance investor access to financial instruments by integrating tokenization into its ecosystem, as the market for tokenized assets could grow significantly by 2033. Amid this expansion, Robinhood’s shares saw a rise of over 8%, reaching a new record high.

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