TL;DR
- Robinhood is developing its own blockchain with military-grade security, high speed, and low costs, focused on real-world assets.
- This chain will serve as the foundation for all DeFi operations, addressing a niche in tokenization and management of traditional assets.
- Robinhood already offers over 200 tokenized stocks and ETFs in Europe, using Arbitrum to improve scalability and reduce costs.
Robinhood announced it is building a proprietary blockchain focused on real-world assets, featuring military-grade security, fast transactions, and low fees.
According to CEO Vlad Tenev, this blockchain will support all decentralized finance (DeFi) activities on the platform. The company aims to fill a market gap by creating an infrastructure specialized in tokenizing and managing traditional assets through blockchain technology.
The project, called Robinhood Chain, intends to provide a network that combines speed and security to facilitate handling assets like stocks, bonds, and other digital securities. Tenev emphasized that the chain must guarantee maximum protection for users and transactions, making it ideal for real-world assets that demand high trust standards.
Robinhood Updates Its Infrastructure to Adapt to the Future Market
Additionally, Robinhood has already launched tokenized versions of U.S. stocks and exchange-traded funds (ETFs) for customers in the European Union. To achieve this, it uses Arbitrum, a layer-2 solution that enhances scalability and lowers costs. Currently, over 200 stock and ETF tokens are available to European users.
Robinhood has transformed its services in Europe, evolving from a crypto-only platform into a comprehensive investment space that combines traditional and digital assets. This shift responds to users seeking to trade various financial products without leaving the crypto ecosystem.
A Comprehensive Investment Platform
The development of Robinhood Chain signals the company’s plan to expand its toolkit by integrating more complex financial services based on blockchain technology. This move could bring Robinhood closer to the crypto world by facilitating the adoption of regulated digital assets.
With this initiative, the trading app aims to establish itself as a platform that merges traditional investments with decentralized finance, offering users access to a secure, efficient infrastructure prepared for the future of financial markets.
