Brief news summary

Robinhood is expanding its presence in the cryptocurrency space by launching its own blockchain and introducing tokenized versions of U.S.-listed stocks and ETFs. Initially, these tokenized assets will be available to users in the European Union and issued on the Arbitrum network, a popular Ethereum layer-2 solution. This move aims to offer EU investors the ability to trade fractionalized digital representations of traditional securities seamlessly. In the future, Robinhood plans to transition these tokenized stocks onto its proprietary blockchain, signaling a deeper commitment to integrating blockchain technology within its platform. This development underscores Robinhood's strategy to innovate in the fintech sector by combining traditional financial products with cutting-edge crypto infrastructure, enhancing accessibility and efficiency for its user base.