Robinhood’s Ethereum layer-2 community processed 4 million transactions in its first week of public testnet exercise, in response to CEO Vlad Tenev.
In a Thursday post on X, Tenev mentioned builders have begun experimenting with functions on the L2 community, which was constructed for tokenized real-world belongings (RWAs) and blockchain-based monetary providers. “The following chapter of finance runs onchain,” he wrote.
The buying and selling platform launched the Robinhood Chain testnet final week as an Ethereum layer 2 constructed utilizing Arbitrum expertise. The launch adopted roughly six months of personal testing and is meant to function a high-throughput surroundings for monetary functions.
In response to the corporate, the chain is designed to assist tokenized equities, exchange-traded funds (ETFs) and different conventional monetary devices. Infrastructure companions embody Alchemy, LayerZero and Chainlink.
Associated: Tokenized stocks ‘inevitable’ and may stop trading freezes: Robinhood CEO
Robinhood plans mainnet launch this 12 months
A mainnet launch for Robinhood Chain is deliberate later this 12 months. Within the meantime, the testnet will host experimental belongings, together with stock-style tokens, and tighter connections with the corporate’s crypto pockets.
The transfer comes as Robinhood is increasing its crypto footprint past buying and selling. The corporate has already tokenized nearly 500 US stocks and ETFs on Arbitrum as a part of a wider real-world asset technique.
Robinhood reported $1.28 billion in Q4 2025 net revenue, a 27% year-over-year enhance however under analyst expectations of $1.34 billion, as crypto earnings weakened. Income from cryptocurrency buying and selling fell 38% to $221 million after a market downturn in October, contributing to a 34% drop in internet earnings to $605 million, at the same time as earnings per share barely exceeded forecasts.
Associated: ARK Invest adds $34M Robinhood stake as Bitcoin falls below $66K
Tokenized real-world belongings climb 10% in a month
The tokenized RWA market continues to develop, with about $24.83 billion in belongings issued immediately on-chain, rising roughly 10% over the previous month, according to knowledge from RWA.xyz. The broader class of digitally represented belongings now totals round $372.97 billion, whereas the variety of wallets holding tokenized monetary merchandise has reached roughly 850,558, up greater than 33% in 30 days.
In the meantime, stablecoins maintain roughly $296.69 billion in worth throughout 236 million customers. Though whole stablecoin worth slipped barely over the month, the variety of holders continued to rise.
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