On June 30, Robinhood Financial Platform announced the development of Robinhood Chain, the second tier (L2) based on Ethereum. According to Vlad Tenev, the company’s CEO Main Net It will be operating “soon.”
According to the company’s CEO, Robinhood Chain promises to become a network without permission (No permission), which means that the user or developer can interact with it There are no restrictions imposed by the central authorities. This approach promotes decentralization, an important principle of the cryptocurrency ecosystem.
According to its official website, this L2 will be like that Optimized for real-world asset tokenization (RWA), shared actions and funds (ETFs), allowing users to transfer, access and manage their assets without blockage or restrictions on traditional blockers.
Additionally, the Robinhood Chain is driven by Arbitrum, one of the most relevant second-tier chains in the Ethereum ecosystem.
The team behind Arbitrum said, “As explained today (June 30th), Robinhood will launch a tokenized action in Arbitrum One.”
Furthermore, they assured that “Robinhood will be issued.” Arbitrum 1 over 200 American Stocks and ETF Tokensdirectly to its Robinhood application for European Union clients. “one time Main Net The Robinhood chain is operational and those assets will be transferred to her.
so far, The existence of native tokens has not been officially confirmed In the case of the Robinhood Chain, his name or economic structure is revealed. Because Robinhood Chain is an L2 designed to operate in a distributed manner, it is reasonable to be able to incorporate native tokens for features such as transaction rate (gas), governance, or incentives within the ecosystem.
Technology companies bet on the Ethereum ecosystem
The move not only expands the service offering of the Robinhood Platform, but also strengthens the trends of tech companies that have staked Ethereum as technical support For your own network.
As reported by Cryptonotics, this example is a Sony company with Soneuim L2 network. Other recent cases include Exchange Coinbase, which launched the Base L2 in 2023, and Kraken in the second layer ink chain that became active last December.
In that sense, cryptocurrency analyst Leo Lanza said that Ethereum was Platforms that convert financial applications Traditional Layer Network 2.
«What Ethereum really offers is the platform effect that transforms applications Fintech In L2. Suddenly, over 100 million people are using Ethereum without knowing that,” Lanza said.
The preference for networks with their own native tokens supported by recognized companies is: Replace SO – Called Altcoins, It works with a network with little prestige, less industry confidence and less institutional adoption.