Robinhood Launches Robinhood Chain With Tokenized Stock Trading
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Robinhood launched the public mainnet of Robinhood Chain, an Ethereum-compatible Layer 2 to enable tokenized stock trading, decentralized lending and integrated AI-powered financial services as part of its expansion into crypto and DeFi. It also rolled out Robinhood Earn offering eligible USDG lenders an estimated 7% annualized yield and announced broader international expansion and new crypto products. The moves signal stronger adoption, protocol upgrades and product diversification for Robinhood's crypto ecosystem despite a slight premarket dip in its shares.
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- Robinhood launched Robinhood Chain, its Layer 2 blockchain, to support tokenized assets.
- Robinhood Earn offers eligible USDG lenders an estimated 7% annualized yield.
- Robinhood expanded crypto services with AI tools and broader global market plans.
Robinhood has launched the public mainnet of Robinhood Chain, introducing its own Ethereum-compatible Layer 2 blockchain as part of its expansion into tokenized assets and decentralized finance.
The launch is a step in the company’s blockchain strategy, bringing together tokenized stock trading, decentralized lending, and new AI-powered financial services under a single infrastructure.
Alongside the network debut, Robinhood also announced additional international expansion plans, new crypto products, and updates to its financial services portfolio, while its shares traded slightly lower in premarket trading following …
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