温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ur/66054.html
点击访问原文链接

Robinhood Ventures into L2, Focusing on RWA Tokenization | Bee Network

进入原网站 导航首页
Robinhood Ventures into L2, Focusing on RWA Tokenization | Bee Network Login ٹرینڈنگ نیوز میمی لانچ پیڈ اے آئی ایجنٹس DeSci TopChainExplorer نیوبی کے لیے 100x سکے مکھی کا کھیل ضروری ویب سائٹس اے پی پی کا ہونا ضروری ہے۔ کرپٹو مشہور شخصیات DePIN Rookies ضروری ٹریپ ڈیٹیکٹر بنیادی ٹولز اعلی درجے کی ویب سائٹس تبادلہ NFT ٹولز ہیلو، باہر جائیں ویب 3 کائنات کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا بڑھتا ہوا پلیٹ فارم AD تلاش کریں۔ انگریزی سکے ریچارج کریں۔ لاگ ان کریں ڈاؤن لوڈ کریں ویب 3 یونی کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا AD گھر•تجزیہ•Robinhood Ventures into L2, Focusing on RWA Tokenization Robinhood Ventures into L2, Focusing on RWA Tokenizationتجزیہ2 ہفتے پہلے发布وائٹ 5,964 22 At the end of January 2026, Robinhood CEO Vlad Tenev revisited the “GameStop short squeeze” that shocked Wall Street five years ago on social media, stating bluntly: if blockchain technology’s real-time settlement capability had existed back then, the infamous “pulling the plug” moment that angered countless retail investors could have been avoided.

Just two weeks later, Robinhood officially announced the launch of the Robinhood Chain public testnet based on Arbitrum, which will support tokenized real-world assets, including stocks, ETFs, private assets, and other financial instruments.

Architecture Choice: Why Arbitrum? For its architecture, Robinhood chose to build the Ethereum Layer 2 network, Robinhood Chain, based on Arbitrum Orbit. It uses Ethereum Blobs to ensure data availability and ETH as the native gas token.

Robinhood clearly understands it doesn’t need to reinvent the wheel. Arbitrum provides EVM compatibility, allowing existing DeFi protocols and wallet infrastructure to migrate at near-zero cost. More importantly, Arbitrum Orbit allows Robinhood to build a “dedicated chain” that possesses independent governance and custom logic (such as compliance checks) while still sharing the unbreakable security consensus of the Ethereum mainnet.

This is crucial for Robinhood, which must meet financial regulatory requirements. It can implement compliance rules on-chain, restrict access for specific wallet addresses, all without detaching from Ethereum, the largest pool of capital.

Most critically, as early as mid-2025, Robinhood had already been piloting its tokenized stock business on Arbitrum. Now, launching its own chain on Arbitrum is a natural progression.

Robinhood’s ٹوکنized Stock Pilot Prior to the Robinhood Chain testnet launch, Robinhood had been conducting an 8-month “tokenized stock” experiment in the European market.

At the Consensus 2026 conference, Johann Kerbrat, General Manager of Robinhood Crypto, stated that Robinhood has already launched approximately 2,000 tokenized stock and ETF products in Europe, covering mainstream U.S. stocks and ETFs. Future plans include tokenizing real-world assets like private equity, real estate, and art to enable 24/7 trading and instant settlement.

According to Dune data, as of February 9th, the total value of Robinhood’s tokenized stocks is currently $15.1 million, with cumulative trading volume reaching $74.43 million. Admittedly, this scale appears modest.

How It Works: How Does Robinhood’s Tokenized Stock Put U.S. Stocks “On-Chain”?

بنیادی فن تعمیر: These tokenized stocks were initially issued on Arbitrum and will be fully migrated to Robinhood Chain in the future. Essential Nature: These tokenized stocks are not actual ownership certificates but are derivative contracts pegged to the price of the underlying stock or ETP. This means the tokens held by users track the performance of the U.S. stocks, but users do not own the corresponding shares. Issuance and Burn Mechanism: When a user buys a U.S. stock derivative contract on Robinhood, the platform immediately mints a corresponding fungible token on the blockchain. This token represents the user’s ownership of that contract, but it cannot be transferred to others. When the user closes the position, the platform burns the corresponding token on the blockchain. The blockchain record is updated immediately, and the token becomes permanently invalid. Dividend Pass-Through: Although users do not own the stock, Robinhood achieves dividend pass-through. When the underlying stock pays a dividend, the system automatically distributes the dividend in cash to the investor’s account. Compliance Armor: Robinhood’s ability to legally launch tokenized stocks in Europe is due to its thorough regulatory preparation: 1. In June 2025, Robinhood acquired Bitstamp for $200 million in cash. The core value of this acquisition lies in Bitstamp’s Slovenian MiFID Multilateral Trading Facility (MTF) license.

2. In mid-2025, Robinhood obtained the EU MiCA (بازارs in Crypto-Assets) license and a Lithuanian MiFID brokerage license.

Consequently, Robinhood’s tokenized stocks are custodied by Bitstamp.

In terms of trading thresholds and fees, the barrier to entry for these tokenized stocks is extremely low, starting from just 1 Euro. Trading hours cover 5*24; users can place advance orders during non-trading hours, which are executed automatically when the market opens. Regarding fees, Robinhood implements a zero-commission, zero-spread policy, charging only a 0.1% foreign exchange fee during transactions, minimizing user trading costs to the greatest extent.

The “Second Half” of Financial Democratization If Robinhood’s first half was defined by “zero commissions,” its second half is about “eliminating the barriers of time and space.”

The core narrative of Robinhood Chain lies in the comprehensive on-chain representation of RWA (Real World Assets). Its significance is reflected in three dimensions:

24/7 Market: Robinhood Chain brings U.S. stocks into the Crypto time dimension, freeing capital flow from the constraints of Wall Street’s schedule. Instant Settlement: Faster trade confirmation speeds. Asset Composability: This is the greatest potential. Imagine, in the future, you could not only hold Tesla stock but also deposit it into protocols like Aave or Compound as collateral to borrow USDC for buying coffee. The properties of assets are fully unleashed. Of course, at this stage, Robinhood’s stock tokens cannot be transferred to other digital wallets or trading platforms. بے اجازت: Robinhood Chain is designed to be permissionless and developer-friendly. Anyone can interact with the network, build applications, and deploy smart contracts. Erosion of Global Investment Barriers: An investor in Southeast Asia can participate in the growth dividends of top global companies through Robinhood Chain with minimal friction costs. Unavoidable Challenges and Variables However, the voyage to the new world still faces several “high walls”:

Legal Ambiguity in Asset Definition: Currently existing as “derivatives” rather than direct tokenization of the underlying securities, there remains a layer of opacity regarding legal clarity.

Robinhood Europe is the Sole Counterparty: Robinhood Europe is the sole counterparty for these financial derivatives. This counterparty concentration could pose potential liquidity and credit risks. However, Robinhood’s official documents indicate that Robinhood hedges the risk of its issued U.S. stock derivatives by purchasing U.S. stocks or ETFs on a 1:1 basis. Ecosystem Closedness: Robinhood Chain currently exhibits strong centralized control attributes. Its terms of service clearly state that the platform can reset, restrict, or revoke access for specific wallets at any time. While this design is necessary to meet compliance requirements, it also conflicts with the core spirit of Web3 decentralization, placing it in the controversy of “imbalance between compliance and decentralization.” However, to some extent, decentralization and compliance are inherently conflicting, which is understandable. Over the past few months, Robinhood’s approach to opening up tokenized stocks has also been continuously expanding. Resistance from Third-Party Companies: OpenAI previously issued a public statement “not recognizing” the legality of certain tokenized equities. This exposes a core contradiction in RWA: the recognition of rights between third-party companies and the asset tokenizer (Robinhood). خلاصہ The launch of the Robinhood Chain testnet did not trigger a frenzy in the Crypto industry, but this might be a revolution flowing deep beneath calm waters.

When a giant like Robinhood, deeply entrenched in traditional retail finance, begins seriously deploying blockchain and promoting the on-chain representation and trading of real-world assets, the clear boundary between traditional finance and کرپٹو finance is gradually being blurred and dissolved.

Whether Robinhood Chain will become a super gateway connecting traditional finance and Web3, or become a closed “island” due to an excessive focus on compliance, remains a question only time can answer.

Original Link

یہ مضمون انٹرنیٹ سے لیا گیا ہے: Robinhood Ventures into L2, Focusing on RWA Tokenization

Related: Matrixport Research: Bitcoin Falls into Bear Market Territory, Could a Weakening Dollar Become the Next Pivot?

Price Structure Under Pressure: Selling Pressure Not from Institutions, but Dispersed Speculative Losses Over the past six months, Bitcoin has failed to strengthen in sync with gold and other risk assets. Since June 2025, sustained selling by early holders was once considered the primary suppressing factor. However, starting in October, as gold accelerated its upward move and Bitcoin entered a correction, it became clear that a single factor could no longer explain the current divergence. The flash crash on October 10, 2025, served as a significant watershed. This event led to a notable widening of cross-asset relative pricing and inter-exchange price spreads, squeezing the risk budgets of market makers and market-neutral capital, thereby weakening short-term liquidity. It is noteworthy that there is little indication of concentrated losses among major trading…

 

# تجزیہ# کرپٹو# defi# ایتھریم# ایکسچینج# مارکیٹ# ٹوکن# web3© 版权声明صف 上一篇 The "Real vs. Illusory Boom" in Perpetual Contracts: Can You See Through It? 下一篇 Commercials during the American Spring Festival Gala all look like scams 相关文章 Thinking about the liquidity of US stock tokenization: How to rebuild the on-chain transaction logic? 6086cf14eb90bc67ca4fc62b 23,924 1 From enthusiasm to rationality: the maturity of cryptocurrency venture capital 6086cf14eb90bc67ca4fc62b 27,567 3 In-depth analysis of stablecoin chains: Plasma, Stable, and Arc 6086cf14eb90bc67ca4fc62b 21,252 Hyperliquid once again exposed to whale manipulation: XPL rose 200% before the market opened, and short positions were l 6086cf14eb90bc67ca4fc62b 20,288 گرمThe Rise of the Agent Economy: Trends in AI Agents in Web2 and Web3 6086cf14eb90bc67ca4fc62b 41,358 2 DappRadar, yet another tear of the times. 6086cf14eb90bc67ca4fc62b 15,847 کوئی تبصرہ نہیں آپ کو ایک تبصرہ چھوڑنے کے لیے لاگ ان ہونا چاہیے! فوری طور پر لاگ ان کریں۔ کوئی تبصرہ نہیں... تازہ ترین مضامین Blockchain etabliert sich als Schlüsseltechnologie in klassischen Branchen 11 گھنٹے پہلے 482 Polymarket vs Kalshi: Who is the King of Prediction Markets? 20 گھنٹے پہلے 676 CRCL Surges 35%: Circle’s Q4 EPS Exceeds Expectations by 169%, AI + Stablecoin Moat Continues to Deepen 20 گھنٹے پہلے 533 Jane Street Halts “10 AM Dump,” BTC Stages Strong V-Shaped Rebound, Surging Toward $70K 20 گھنٹے پہلے 576 From Terra’s Collapse to the “10 AM Smash”: How Jane Street Played Both Continents’ Markets? 20 گھنٹے پہلے 493 مشہور ویب سائٹسTempoGAIBLighterگلائیڈرپلانکریلزبی سی پوکرپتنگ اے آئی Bee.com دنیا کا سب سے بڑا Web3 پورٹل شراکت دار سکے کارپ بائننس CoinMarketCap سکے گیکو سکے لائیو آرمر Bee Network APP ڈاؤن لوڈ کریں اور web3 کا سفر شروع کریں۔ سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط Bee Network APP ڈاؤن لوڈ کریں۔ اور ویب 3 کا سفر شروع کریں۔ دنیا کا سب سے بڑا Web3 پورٹل شراکت دار CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط تلاش کریں۔ تلاش کریں۔InSiteآنچینسماجیخبریں 热门推荐: ایئر ڈراپ ہنٹرز ڈیٹا تجزیہ کرپٹو مشہور شخصیات ٹریپ ڈیٹیکٹر اردو English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी Русский اردو

智能索引记录