Robinhood's stock is nearing all-time highs, having experienced a nearly 30% rally over the past month as the company's aggressive move into crypto and blockchain gains momentum. The stock, trading under the ticker HOOD, reached $94.65, just 4% shy of its record high set on July 2. With a year-to-date increase of 137%, Robinhood's market capitalization now exceeds $82 billion, bolstered by a 50% year-over-year revenue surge in Q1 to $927 million. Key to this rally is Robinhood's new blockchain built on Arbitrum, enabling the offering of tokenized US stocks and exchange-traded products in Europe. However, the platform faces regulatory scrutiny, particularly regarding its tokenized equity offerings linked to private companies. Despite these concerns, CEO Vlad Tenev emphasized that these products offer exposure to non-public firms without being classified as traditional equity offerings. Many private companies have shown interest in making their equity available through similar tokenization methods, indicating a potentially expanding market for Robinhood's innovative approach.

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