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 existing in the EVM ecosystem, so that the main effort can be focused on core businesses like stock tokenization.

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

From a numerical perspective, Robinhood's tokenized stock products are growing rapidly. From the initial 200 or so, it has expanded to over 2000, with considerable coverage. This growth rate reflects that market demand for stock tokenization is indeed increasing, and also shows that Robinhood's bet on this path is correct. Choosing a mature Layer-2 infrastructure like Arbitrum not only ensures network stability, but also avoids reinventing the wheel, focusing on doing product innovation well is the smarter approach.