Robinhood’s new Ethereum Layer 2 testnet processed four million transactions in its first week. The Arbitrum-based chain is designed to power tokenized equities, ETFs, and other real-world assets.
CEO Tenev Bets Big on Tokenized Finance as Testnet Gains Early Traction
Robinhood’s push into blockchain infrastructure is off to a fast start. CEO Vlad Tenev said the company’s public testnet for Robinhood Chain recorded four million transactions in its first week. The Ethereum Layer 2 network, built on Arbitrum, went live last Tuesday after six months of private testing.
“Developers are already building on our L2, designed for tokenized real-world assets and on-chain financial services,” Tenev wrote on X, adding that the next chapter of finance “runs on-chain.”
Robinhood Chain is structured as a permissionless, high-throughput platform aimed at financial applications. The company says it will natively support tokenized equities, ETFs, and other real-world assets. Infrastructure partners already integrated include Alchemy, Layerzero, and Chainlink.
The early transaction volume signals strong developer curiosity, especially as tokenization becomes a central theme across crypto and traditional finance. Robinhood last month outlined plans to expand its tokenized stock offerings with 24/7 trading, near real-time settlement, and self-custody features.
The timing is notable. Building its own chain gives the company more control over infrastructure, fees, and product design at a time when trading volumes remain volatile. A mainnet launch is expected later this year, though no firm date has been disclosed.
If Robinhood succeeds, it won’t just be a brokerage offering crypto. It could become the rails beneath tokenized markets. That’s a much bigger ambition, and one that places it squarely in competition with both crypto-native protocols and legacy exchanges exploring blockchain settlement.
FAQ🚀
Robinhood Chain is an Ethereum Layer 2 blockchain built on Arbitrum, designed to support tokenized real-world assets like equities and ETFs.
- How many transactions has the testnet processed?
The public testnet recorded four million transactions within its first week of launch, according to CEO Vlad Tenev.
- Who are Robinhood’s blockchain infrastructure partners?
Robinhood has integrated Alchemy, Layerzero, and Chainlink to support development, cross-chain functionality, and data services.
- When will Robinhood Chain go live on mainnet?
Robinhood has indicated that a mainnet launch is planned for later this year, though an exact timeline has not yet been announced.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ondo Gains After Franklin Templeton ETF Tokenization Deal
Key Insights
Ondo gained eight percent after partnering with Franklin Templeton, boosting visibility and signaling deeper integration between traditional finance and blockchain-based investment products globally.
Tokenized ETFs will enable round-the-clock trading through crypto wallets,
CryptoNewsLand1h ago
Tether Taps KPMG for First Full USDT Audit Push
Tether has engaged KPMG for its first full audit of USDT reserves, moving beyond current attestations amid regulatory scrutiny and preparing for U.S. expansion. This aims to enhance transparency and confidence in its financial practices.
CryptoFrontNews1h ago
Toobit Rolls Out AI Agent Trade Kit, Bridging AI Conversations with Market Actions
The award-winning international cryptocurrency exchange, Toobit, today announces the release of its brand-new feature set, the AI Agent Trade Kit. This is an open-source framework that allows traders to link large language models (LLMs) directly to the exchange. The goal is to turn simple
CryptoPotato1h ago
Ripple CTO Emeritus Debunks XRP Escrow Claims - U.Today
Ripple's CTO emeritus clarified misconceptions about XRP escrow, emphasizing its automated nature and debunking claims of insider information. Meanwhile, the crypto industry is at a pivotal moment, with traditional finance increasingly adopting blockchain technologies.
UToday2h ago
Kalshi secures license to offer margin trading to institutional investors
Kalshi has received approval for margin trading, aiming to attract institutional investors. The license enables it to act as a futures commission merchant, pending CFTC approval. This shift could enhance trading potential in prediction markets, facing competition and regulatory challenges.
CoinDesk2h ago
Brad Garlinghouse: Improving XRP Has Become Ripple’s North Star
Speaking to Fox Business at a recent conference in Miami, Ripple’s CEO praised the company’s progress over the past year, especially some of the high-end acquisitions, such as Hidden Road.
He also spoke about the growing role of stablecoins in the overall crypto industry, indicating that legacy
CryptoPotato2h ago
