🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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Robinhood Is Building Its Own Layer 2 Blockchain - Unchained
Trading platform Robinhood announced the development of its own layer 2 blockchain, designed to power the tokenization of real-world assets like stocks and exchange-traded funds (ETFs).
The new blockchain will be based on the Arbitrum technology stack and is intended to support features like 24/7 trading, seamless bridging, and self-custody for tokenized assets.
Robinhood shared its plans as part of a broader announcement of its tokenized stock offerings to customers in the EU. These tokens will initially be issued on Arbitrum before moving to Robinhood’s native L2 chain.
This story is an excerpt from the Unchained Daily newsletter.
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“Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system,” said Robinhood CEO Vlad Tenev.
Shares in Robinhood rallied 12.77% to a record high ahead of $93 on the news, rising a further 13% after hours.