Robinhood's head of crypto business Johann Kerbrat stated that the company has chosen to build an Ethereum Layer-2 network based on Arbitrum rather than launching a standalone Layer-1. The main reason is to directly benefit from Ethereum's security, decentralization, and EVM ecosystem liquidity, allowing the company to focus on core products such as stock tokenization. Robinhood's own L2 is currently in private testing, with tokenized stocks already deployed on Arbitrum One. In the future, assets and liquidity can be seamlessly migrated when a new chain goes live. As of now, Robinhood's tokenized stocks have expanded from approximately 200 initially to over 2,000. (CoinDesk)
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Robinhood's head of crypto business Johann Kerbrat stated that the company has chosen to build an Ethereum Layer-2 network based on Arbitrum rather than launching a standalone Layer-1. The main reason is to directly benefit from Ethereum's security, decentralization, and EVM ecosystem liquidity, allowing the company to focus on core products such as stock tokenization. Robinhood's own L2 is currently in private testing, with tokenized stocks already deployed on Arbitrum One. In the future, assets and liquidity can be seamlessly migrated when a new chain goes live. As of now, Robinhood's tokenized stocks have expanded from approximately 200 initially to over 2,000. (CoinDesk)