Yesterday, Robinhood made their biggest crypto move .
They announced the introduction of their own Ethereum Layer 2 chain, which is being built using Arbitrum tech.
What they're doing:
• Bringing stocks and ETFs onchain
• Supporting trading activities on a 24
• Reducing fees via L2 scaling
• Linking TradFi with DeFi
This will be a huge RWA play and if it works out, Robinhood could be the bridge between Wall Street and Crypto.
This also positions Robinhood as a major player in the RWA and tokenized asset space, potentially challenging traditional exchanges like NYSE.
For the testnet, it's alrea