TLDR
- Robinhood Chain is now on public mainnet as an Arbitrum Layer 2 for onchain markets.
- Stock Tokens track listed shares but do not provide legal ownership of the underlying securities.
- Eligible users outside restricted regions can trade tokens around the clock through Robinhood Wallet access.
- Robinhood Earn will let eligible U.S. users lend USDG on Morpho for estimated yield income.
- Perpetual futures expansion adds commodities, ETFs and FX pairs for eligible users in Europe markets.
Robinhood has launched Robinhood Chain, a Layer 2 blockchain built on Arbitrum, as part of a wider push to bring tokenized stock trading, DeFi lending and perpetual futures into its self-custody wallet ecosystem. The new network is now live on public mainnet, according to launch details shared by the company.
Robinhood Chain Goes Live on Arbitrum
Robinhood Chain is designed to support onchain markets through the Robinhood Wallet, giving eligible users access to tokenized assets and decentralized trading venues. The company said trading will route through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus and 1inch.
The main product tied to the launch is Stock Tokens, which are rolling out in more than 120 countries, subject to local rules and user eligibility. Robinhood said the product is not available to U.S. persons and is also restricted in several other jurisdictions, including Canada, the United Kingdom, Switzerland and the United Arab Emirates.
Robinhood’s disclosures state that Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. The tokens track the price of the underlying stock, but they do not provide legal or beneficial ownership of the listed security.
Stock Tokens Move Beyond the U.S. Market
The offshore rollout reflects the regulatory gap around tokenized equities in the United States, where Robinhood has previously sought clearer rules from the Securities and Exchange Commission. Robinhood CEO Vlad Tenev has said tokenized shares are not technically equity, a distinction that remains central to the product structure.
Under the new model, eligible users can trade Stock Tokens around the clock on Robinhood Chain. The tokens may also be used as collateral or deposited into lending pools across supported DeFi venues, according to the company’s product materials.
The earlier version of the product, now called Classic Stock Tokens, remains available as a derivative contract through the Robinhood Europe app. That product drew attention after Robinhood offered tokenized exposure to private companies, including OpenAI and SpaceX, while OpenAI publicly said it had not endorsed or partnered on the offering.
Robinhood Adds DeFi Lending and Perpetual Futures
Robinhood is introducing Robinhood Earn for eligible U.S. users, enabling self-custody lending of USDG through Morpho. The company said the product offers an estimated 7% annual percentage yield, with lending activity handled through DeFi infrastructure rather than a traditional brokerage account.
Robinhood named Steakhouse, Ethena, Spark and Maple as partners for the lending product. It also said losses linked to cyber or smart-contract exploits are covered by insurance arranged through Lloyd’s of London and RELM, while access remains subject to eligibility and jurisdictional restrictions.
The company is also expanding perpetual futures in Europe beyond crypto, allowing eligible users to trade products tied to commodities, ETFs and foreign exchange pairs, including gold, silver, QQQ, EUR/USD, WTI, Brent crude and EWY, with up to 10x leverage.
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