Robinhood launched Robinhood Chain as part of what it called “our most ambitious global expansion and product vision to date,” positioning the new blockchain as a bridge between traditional finance and decentralized finance.
Key Takeaways:
Robinhood positioned its new chain as the backbone of a broader push into global onchain finance.Stock Tokens could expand around-the-clock market access, but availability depends on local rules and wallet eligibility.Several products are rolling out in phases, with availability varying by jurisdiction and user eligibility.The company announced:
“We are officially launching the Public Mainnet of Robinhood Chain.”
The Public Mainnet is built using the Arbitrum Platform and connects to Robinhood’s on-chain users. Its partners include Uniswap and Pleiades, with integrations from Alchemy, BitGo, and Chainlink.
How Stock Tokens and Lending Push Robinhood Deeper Into DeFiRobinhood further announced:
“We’re starting to roll out Robinhood Earn to eligible US users, the first decentralized lending product available directly through the main Robinhood app.”
