Robinhood has deployed 80 new stock tokens on the Arbitrum blockchain, bringing its total tokenized assets to almost 500 for EU customers. These tokens, worth over $8.5 million, allow European users to invest in US securities starting from 1 euro. The initiative is part of a broader strategy amid regulatory scrutiny.
Robinhood recently expanded its tokenization efforts by deploying 80 new stock tokens onto the Arbitrum blockchain. This addition has increased the platform's total tokenized assets to 493, valued at more than $8.5 million according to Dune Analytics data. The mint volume for these assets has surpassed $19.3 million, offset by about $11.5 million in burning activity, indicating an active trading market.
Among the recent additions are tokens for Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), confirmed by research analyst Tom Wan. These tokens function as derivatives that track the price of publicly traded US securities but do not represent direct ownership. Robinhood holds the underlying stocks backing them. This setup enables EU users to access a wider range of US equities and ETFs with a minimum investment of 1 euro, significantly broadening investment opportunities for European clients.
The rapid rollout has drawn regulatory attention. The Bank of Lithuania, Robinhood's EU regulator, sought clarification on the token structure, particularly for those resembling private ventures like OpenAI. OpenAI has issued a warning that these tokens do not constitute equity in their company. Currently minted on the Layer 2 Arbitrum network, the tokens are set to migrate to Robinhood's proprietary Layer 2 blockchain, built on Arbitrum's technology. This chain is optimized for tokenized Real World Assets (RWAs), supporting 24/7 trading, seamless bridging, and self-custody.
This tokenization push aligns with Robinhood's goal to enhance its global crypto presence and develop an integrated investment hub.