Robinhood CEO, Vlad Tenev, announces forthcoming development of a new, robust blockchain concentrating on tangible assets. The blockchain is to be armed with military-grade technology for potential widespread application.
In a groundbreaking move, Robinhood, the popular investment platform, has announced plans to launch a new blockchain focused on real-world assets (RWAs). The new blockchain, named the **Robinhood chain**, is designed to tokenize traditional assets such as US-listed stocks, ETFs, and private equity shares.
According to CEO Vlad Tenev, the **Robinhood chain** is being developed as a proprietary, highly secure, and fast blockchain, optimized specifically for DeFi elements and tokenized asset trading. The blockchain will be built on Arbitrum technology, a layer-2 scaling solution.
Key features of the **Robinhood chain** include military-grade security, high speed, and low cost. The blockchain aims to address gaps in the current market for RWA-focused blockchains by offering fast transaction speeds and low operational costs.
The **Robinhood chain** will also enable 24/7 trading, self-custody of assets, and cross-chain bridging, making it a comprehensive all-in-one investment platform powered by crypto.
Already, Robinhood has launched tokenized versions of over 200 US stocks and ETFs on the layer-2 Arbitrum network for European customers, including major companies like Apple, Microsoft, and Nvidia. The platform also supports the tokenization of private companies such as OpenAI and SpaceX for qualified European investors, expanding access to previously inaccessible investment opportunities.
The **Robinhood chain** is set to revolutionize the investment landscape in Europe and beyond. Robinhood envisions this blockchain as laying "the groundwork for crypto to become the backbone of the global financial system" by enabling seamless and secure digital representation and trading of RWAs.
The website associated with the **Robinhood chain** features categories such as Bitcoin, Ethereum, Trading, Altcoins, Futuremash, Financeflux, Blockchain, Regulators, Scams, HodlX, and Press Releases. It also offers features like Report Ad and Advertise, and provides options to join on Telegram, X, and Facebook.
As Robinhood continues to expand its offerings, the **Robinhood chain** represents a significant step forward in the company's mission to democratize finance for all. With its focus on security, speed, and low cost, the **Robinhood chain** is poised to redefine the future of investment.
[1] European Robinhood customers now have access to more than 200 US stock and ETF tokens. [2] Robinhood's European app is transitioning from a crypto-only app to an all-in-one investment app powered by crypto with the introduction of tokenized stocks. [3] Robinhood's new blockchain will be optimized for Decentralized Finance (DeFi) elements and target the niche of real-world assets (RWAs).
- The Robinhood chain, a new blockchain focused on real-world assets, is being developed to tokenize traditional assets like US-listed stocks, ETFs, and private equity shares.
- The Robinhood chain, equipped with military-grade security, high speed, and low cost, aims to revolutionize the investment landscape, offering fast transaction speeds and minimizing operational costs.
- As part of its expansion, Robinhood has already launched tokenized versions of over 200 US stocks and ETFs on the layer-2 Arbitrum network for European customers, including major companies like Apple, Microsoft, and Nvidia.
- With the introduction of the Robinhood chain, the platform is transitioning from a crypto-only app to an all-in-one investment app, catering to the niche of decentralized finance (DeFi) elements and real-world assets (RWAs).
