Customers will gain access to stock tokens representing over 200 different companies and can trade them 24 hours a day, five days a week. Vlad Tenev, Robinhood chairman and CEO, revealed during an event on Monday that these tokens include privately traded firms such as OpenAI and SpaceX. Initially, these blockchain-based stocks will be issued on Arbitrum, a layer 2 blockchain built on top of Ethereum. Robinhood intends to eventually transfer the tokenized stocks to its own layer 2 chain, which it described in its press release as “based on Arbitrum. ” Layer 2 chains operate atop primary blockchains like Ethereum and are generally faster and more efficient. Although Robinhood did not specify the launch date for its new blockchain, it stated that the chain plans to support trading 24 hours a day, seven days a week. “Our latest offerings lay the groundwork for crypto to become the backbone of the global financial system, ” Tenev said in a statement. Following the announcement late Monday morning, Robinhood’s stock surged 4%, reaching a high of $91. Crypto Expansion Robinhood’s tokenized stock offering and planned blockchain are part of a broader effort to expand its crypto products amid a more crypto-friendly regulatory environment in Washington, D. C. After President Donald Trump, who has referred to himself as a “pro-crypto president, ” was reelected in November, Robinhood reinstated many cryptocurrencies, including Solana and XRP, which it had previously delisted from its platform. These digital assets were removed after the Securities and Exchange Commission filed lawsuits in 2023 claiming the tokens were unregistered securities. Once Trump took office in January, his administration issued several pro-crypto executive orders.

The SEC restructured its crypto enforcement division and dropped multiple high-profile lawsuits and investigations involving crypto firms, including a probe into Robinhood’s crypto division. In May, Robinhood made progress in Canada by acquiring Toronto-based WonderFi for nearly $180 million, with the acquisition expected to close in the second half of the year. In June, the Menlo Park, California-based publicly traded company completed its $200 million purchase of crypto exchange Bitstamp after a year-long regulatory review. As part of the Monday announcement, Robinhood also revealed it is enabling European users to trade crypto perpetual futures, a type of crypto derivative that allows bets on the future price of cryptocurrencies. Additionally, the trading app said it will allow U. S. customers to stake cryptocurrencies—meaning users can lock their crypto assets to help secure a blockchain. At launch, staking will be available for Ethereum and Solana, though Robinhood did not disclose which other tokens might be supported later. Update, June 30, 2025: Added details on Robinhood’s stock response to the announcement and examples of tokenized stocks available.