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.
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