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Robinhood Launches Public Blockchain, Expands Crypto Ecosystem With New DeFi Services

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Robinhood Launches Public Blockchain, Expands Crypto Ecosystem With New DeFi Services
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Robinhood has launched Robinhood Chain, a public Layer-2 blockchain built on Arbitrum, signalling a major step forward in its crypto and decentralized finance plans. With the mainnet launch, Robinhood also announced upcoming crypto trading in the UK, wider access to tokenized stocks in over 120 countries, a new crypto lending product with yields up to 7% on USDG stablecoins, and a partnership with dYdX Labs to launch the Arcus decentralized exchange. The company has integrated Chainlink’s oracle technology to support tokenized assets and cross-chain connections, aiming to become more than just a retail trading platform.

Robinhood says its new blockchain is an AI-native network built for real-world assets and tokenized finance. The company believes blockchain technology will become more important in financial markets by making assets easier to trade, transfer, and settle.

CEO Vlad Tenev said tokenized stocks are becoming more important because they give investors continuous market access and help reduce some of the limits of traditional exchanges.

Robinhood’s stock token products are already available in its wallet app in over 120 countries. The company also confirmed that crypto trading will soon launch for UK customers as part of its global expansion.

Robinhood introduced Robinhood Earn, a decentralized lending product where users can earn about 7% annual yield by lending USDG stablecoins through a self-custody wallet. Ethena will provide the main collateral, and Steakhouse will manage the vault.

Robinhood has chosen Chainlink as its official oracle provider. Chainlink will provide price feeds for tokenized stocks and help Robinhood Chain connect with other blockchain networks.

dYdX Labs also announced a partnership with Robinhood to launch Arcus, a decentralized exchange on Robinhood Chain. Arcus will offer perpetual futures trading, tokenized stocks, and access to pre-IPO markets. The dYdX Foundation said its current blockchain will keep running independently and will not be affected by this new project.

This launch comes as competition between blockchain platforms heats up. Robinhood is joining a market already led by networks like Coinbase’s Base, now one of the largest Layer-2 blockchains in the world.

Robinhood’s recent moves show how quickly the company is moving beyond its traditional brokerage roots. By adding blockchain infrastructure, tokenized securities, decentralized finance, AI investing tools, and global crypto services, Robinhood aims to compete in many areas of the digital asset industry. Investors will be watching to see if these new products attract users and bring in real revenue as Robinhood’s crypto business grows.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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