Robinhood's crypto strategy has recently made new progress. Instead of choosing to independently launch its own Layer-1 blockchain, the company decided to build Ethereum's Layer-2 network based on Arbitrum. Johann Kerbrat, the person in charge, explained the logic behind this choice — directly leveraging Ethereum's security and decentralization foundation, while being able to reuse the liquidity already available in the EVM ecosystem, allowing the company to focus its main efforts on core businesses like stock tokenization.

Currently, Robinhood's independently developed L2 is still in the private testing phase, but tokenized stocks have already been deployed to the Arbitrum One network. When the new chain officially launches, assets and liquidity can be seamlessly migrated without worrying about ecosystem fragmentation.

Looking at the numbers, Robinhood's tokenized stock products are growing rapidly. From approximately 200 initially, it has expanded to over 2000, with quite comprehensive coverage. This growth rate reflects that market demand for stock tokenization is indeed rising, and also shows that Robinhood's bet on this path is justified. Choosing a mature Layer-2 infrastructure like Arbitrum ensures network stability while avoiding reinventing the wheel — focusing on doing product innovation well is the smarter strategy.