Robinhood rolls out public blockchain as it expands deeper into crypto
CoinDesk 2026-07-01 18:25:00
Context: Robinhood, a finance company, has launched the public mainnet for its Layer 2 blockchain, Robinhood Chain, as part of its expansion into crypto, tokenized assets, and decentralized finance. The launch, announced during an event in London, brings tokenized stock trading live in over 120 countries and introduces Robinhood Earn, a decentralized lending product. This move further blurs the line between traditional finance and blockchain-based finance.
Key Facts
- Robinhood Chain is a layer-2 blockchain built on Arbitrum and designed for tokenized real-world assets and decentralized finance applications, which was tested on testnet about four months prior to its public mainnet launch.
- With the launch of the public mainnet, Robinhood's tokenized stock products, known as Stock Tokens, are now fully live and available through Robinhood Wallet in more than 120 countries, although availability varies by jurisdiction.
- Robinhood Earn is a decentralized lending product that allows users to lend USDG, the company's dollar-backed stablecoin, through a self-custody wallet, offering an estimated annual percentage yield of 7%.
- Robinhood is expanding perpetual futures trading in Europe to include commodities, ETFs, and foreign exchange markets alongside crypto, and plans to launch crypto trading in the U.K., with services now available in Canada following its acquisition of WonderFi.
- The company has also unveiled Agentic Accounts for crypto, an AI-powered trading tool that allows eligible U.S. users to connect AI models to Robinhood's trading infrastructure while retaining control over capital allocation and trading parameters.