Robinhood opened the public mainnet for its Arbitrum-based layer-2 blockchain on Wednesday, enabling tokenized stock trading and new decentralized finance products.
The launch took place during an event in London. Robinhood Chain is designed for tokenized real-world assets and decentralized finance applications.
With the mainnet live, stock tokens became available through Robinhood Wallet in more than 120 countries. The company also introduced Robinhood Earn, a decentralized lending product that offers an estimated 7% annual yield on its USDG stablecoin.
Robinhood announced plans to expand perpetual futures trading in Europe to include commodities, ETFs and foreign exchange. It said crypto trading services will launch in the UK and are now available in Canada after the acquisition of WonderFi.
The brokerage unveiled Agentic Accounts, an AI-powered trading tool for eligible U.S. users. Johann Kerbrat, Robinhood's senior vice president of crypto, said decentralized finance unlocks possibilities beyond traditional finance.
