01.07.2025 03:09

Robinhood, the prominent US financial services company, has officially confirmed its collaboration with Arbitrum, a leading layer-2 scaling solution for Ethereum. This partnership centers around Robinhood's development of its own layer-2 blockchain built on Arbitrum's infrastructure, a move that has significantly boosted investor confidence.

The announcement, made at Robinhood's "Robinhood Presents: To Catch A Token" event in France, triggered a substantial surge in HOOD stock price, exceeding 10% in a single day. Simultaneously, Arbitrum's token also experienced double-digit percentage gains, reflecting the market's positive reaction to this strategic alliance. The news follows earlier speculation about the partnership, which had already sent Arbitrum's price soaring by 30% earlier in the day.

Central to this collaboration is Robinhood's aim to facilitate the trading of tokenized real-world assets. Initially, the company will utilize Arbitrum's network for issuing tokenized US stocks and ETFs, providing European users access to up to 200 US securities. This initial phase will transition to Robinhood's self-developed Arbitrum-based layer-2 blockchain once completed, promising 24/7 trading capabilities and self-custody options for users. A key benefit of this new blockchain will be the ability for users to receive dividend payments directly through the Robinhood app.

Beyond the layer-2 blockchain, Robinhood unveiled a range of new products at the event. These include crypto perpetual features offering up to 3X leverage for EU users, facilitated through a partnership with Bitstamp's perpetual futures exchange. Furthermore, crypto staking is now being offered to eligible US customers, commencing with Ethereum and Solana, a feature also extended to EU users building upon existing offerings of CME Group's Micro XRP and Solana futures. The company emphasized the innovative nature of these new services in its official statement.