Robinhood is accelerating its global ambitions with a multi-pronged product offensive. The company announced the public mainnet launch of its Robinhood Chain, a Layer 2 blockchain built on the Arbitrum platform designed for real-world assets and DeFi. This move signals a significant push into decentralized finance and broader market access.
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Robinhood Chain Mainnet Goes Live
The Robinhood Chain is engineered to be a permissionless environment for developers, featuring fast block times and built-in DeFi primitives like lending and borrowing. Day-one partners include Uniswap, deploying a dedicated AMM, and Pleiades for prop trading. Integrations with industry players like Alchemy, BitGo, and Chainlink are also in place.
Introducing 'Stock Tokens'
Robinhood is rolling out 'Stock Tokens' to over 120 countries via its Robinhood Wallet. These tokens enable 24/7 trading directly on the Robinhood Chain, allowing users to engage in activities like lending or using them as collateral within the DeFi ecosystem. Spot trading will be accessible through decentralized exchanges like Uniswap and 1Inch.
