Robinhood’s Ethereum layer-2 community processed 4 million transactions in its first week of public testnet exercise, in keeping with CEO Vlad Tenev.
In a Thursday publish on X, Tenev stated builders have begun experimenting with purposes on the L2 community, which was constructed for tokenized real-world belongings (RWAs) and blockchain-based monetary providers. “The following chapter of finance runs onchain,” he wrote.
The buying and selling platform launched the Robinhood Chain testnet final week as an Ethereum layer 2 constructed utilizing Arbitrum expertise. The launch adopted about six months of personal testing and is meant to function a high-throughput setting for monetary purposes.
In line with the corporate, the chain is designed to help tokenized equities, exchange-traded funds (ETFs) and different conventional monetary devices. Infrastructure companions embrace Alchemy, LayerZero and Chainlink.
Associated: Tokenized shares ‘inevitable’ and should cease buying and selling freezes: Robinhood CEO
Robinhood plans mainnet launch this yr
A mainnet launch for Robinhood Chain is deliberate later this yr. Within the meantime, the testnet will host experimental belongings, together with stock-style tokens and tighter connections with the corporate’s crypto pockets.
The transfer comes as Robinhood is increasing its crypto footprint past buying and selling. The corporate has already tokenized almost 500 US shares and ETFs on Arbitrum as a part of a wider real-world asset technique.
Robinhood reported $1.28 billion in This fall 2025 internet income, a 27% year-on-year improve however under analyst expectations of $1.34 billion, as crypto earnings weakened. Income from cryptocurrency buying and selling fell 38% to $221 million after a market downturn in October, contributing to a 34% drop in internet earnings to $605 million, at the same time as earnings per share barely exceeded forecasts.
Associated: ARK Make investments provides $34M Robinhood stake as Bitcoin falls under $66K
Tokenized real-world belongings climb 10% in a month
The tokenized RWA market continues to develop, with about $24.83 billion in belongings issued immediately on-chain, rising about 10% over the previous month, in accordance to knowledge from RWA.xyz. The broader class of digitally represented belongings now totals round $372.97 billion, whereas the variety of wallets holding tokenized monetary merchandise has reached about 850,558, up greater than 33% in 30 days.
In the meantime, stablecoins maintain $296.69 billion in worth throughout 236 million customers. Though complete stablecoin worth slipped barely over the month, the variety of holders continued to rise.
Massive Questions: Is China hoarding gold so yuan turns into world reserve as an alternative of USD?
