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Robinhood Launches Arbitrum-Based Robinhood Chain Mainnet

The move pushes Robinhood from a U.S. brokerage toward a full‑stack crypto platform, signaling bets on tokenized stocks, cross‑border growth, DeFi revenue, AI trading, new regulatory tradeoffs

Overview

  • Robinhood opened the public mainnet for Robinhood Chain on Wednesday, July 1, and made Stock Tokens, Robinhood Earn and AI-powered Agentic Accounts available in eligible jurisdictions.
  • Stock Tokens trade 24/7 through Robinhood Wallet in more than 120 countries and are issued by Robinhood Assets Jersey Limited as debt securities that do not grant shareholder rights.
  • Robinhood Earn lets eligible users lend the USDG stablecoin via self‑custody wallets with an advertised variable yield near 7% and lending infrastructure from partners such as Morpho.
  • The chain launched with ecosystem partners including Uniswap, Pleiades, Alchemy, BitGo and Chainlink, and early activity reached roughly 49,000–50,000 daily active users after mainnet go‑live.
  • The rollout accelerates international expansion—Canada live via WonderFi, U.K. crypto planned and Singapore licensing underway—but leaves open near‑term questions about revenue, liquidity and multijurisdictional regulation.