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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 already live. Developers and testers can use it already.
Retail is coming!