Robinhood has chosen to build on Arbitrum, allowing for greater integration with Ethereum's ecosystem while raising concerns over fragmentation in token standards. Johann Kerbrat, Robinhood's Crypto General Manager, expressed frustration over the duplication of digital assets across different networks. He emphasized that the goal is to establish a unified platform for trading tokenized assets instead of creating separate tokens for the same stock on different chains. In contrast, Kraken has opted for Solana to advance its xStocks initiative, which aims to set a standard for tokenized equities. Meanwhile, Robinhood is developing its own Ethereum layer-2 solution to leverage Ethereum's programming capabilities and attract developers. As both companies navigate the evolving landscape of digital asset trading, they continue to focus on creating functional and user-friendly financial systems that facilitate broader access to tokenized stocks.

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