Bankless
The Rise of Robinhood Chain: Tokenized Stocks, Perps, and 27M Users | Johann Kerbrat
- Robinhood launched Robinhood Chain (an Arbitrum Orbit chain) alongside 15 new products, marking a major bridge between traditional finance and crypto infrastructure.
- Tokenized stocks issued by Robinhood are now freely transferable on-chain and across Ethereum Layer 2s; they retain dividends, corporate actions, and one-to-one backing, with minting and redemption handled only by Robinhood.
- Robinhood Earn offers 7% yield on USDG stablecoin deposits integrated directly into the main Robinhood app via Morpho vaults, targeting the 27 million existing Robinhood users.
- Perpetuals trading expanded: regulated perps (commodities, ETFs, QQQ, gold, silver) launched on Bitstamp and Robinhood Europe with up to 10x leverage; crypto-native perps available in the Robinhood Wallet via LIDAR integration with up to 50x leverage.
- Robinhood Wallet (available in 100+ countries) is being designed for non-crypto users with simplified UX—fiat onramps via Apple Pay and Google Pay, easy leverage sliders, and minimal approval steps.
- Long-term strategy is convergence: blockchain technology will gradually replace legacy clearing and yield systems as regulation permits, with both the main app and wallet eventually sharing a unified backend.