Robinhood has launched its public blockchain and introduced tokenized stock products that can move across decentralized applications, expanding its push to bring traditional financial assets fully onchain.
Summary
- Robinhood has launched its Ethereum layer-2 blockchain and new Stock Tokens to bring tokenized equities fully onchain.
- The company also unveiled Robinhood Earn, crypto AI trading accounts, perpetual futures access and expanded global crypto plans.
- Analysts remain bullish on Robinhood, with Cantor Fitzgerald raising its price target to $130 ahead of the product rollout.
According to Robinhood, the announcements were made during its “The World is Flat” event at the Old Royal Naval College in London, where the company unveiled Robinhood Chain alongside a new generation of Stock Tokens, decentralized lending services, AI-powered trading accounts and additional crypto products. Robinhood shares rose more than 8% following the event, trading near $108 at press time.
Robinhood Chain becomes the foundation for tokenized stocks
Built as an Ethereum layer-2 network using Arbitrum technology, Robinhood Chain has entered public mainnet after launching its public testnet in February. Robinhood said the permissionless network is designed to support tokenized real-world assets, decentralized finance applications, lending protocols and perpetual futures exchanges.
Several infrastructure providers are launching alongside the network. According to Robinhood, Uniswap will deploy a dedicated automated market maker as one of the chain’s main public liquidity venues, while Pleiades will operate a separate platform for proprietary trading. The ecosystem also integrates with Alchemy, BitGo, and Chainlink.
Robinhood has also introduced a new generation of Stock Tokens that eligible users in more than 120 countries can hold and trade through Robinhood Wallet. The company said the assets can trade around the clock and can be used across decentralized applications, including lending platforms and as collateral.
The company clarified that the Stock Tokens are debt securities issued by Robinhood Assets Jersey Limited that track the economic performance of underlying equities. Holders do not receive legal ownership of the underlying shares, voting rights or other shareholder privileges.
Robinhood’s previously launched tokenized equity products will now operate under the Classic Stock Tokens brand. According to the company, those products continue to offer exposure to more than 2,000 stocks and exchange-traded products through its European app, although they cannot currently be transferred to external wallets.
New crypto services expand Robinhood’s onchain ecosystem
Beyond tokenized equities, Robinhood has rolled out Robinhood Earn, allowing eligible U.S. users to lend the USDG stablecoin through a self-custody wallet. According to the company, the product currently advertises an estimated annual yield of about 7%, with lending infrastructure provided by Morpho and additional support from Steakhouse, Ethena, Spark and Maple. Robinhood noted that the projected yield is variable and not guaranteed.
Robinhood Wallet is also adding access to perpetual futures through the Ethereum-based decentralized exchange Lighter. The companies have allocated $11 million worth of LIT tokens for a trading rewards program tied to eligible activity.
Outside the U.S., Robinhood said it plans to gradually introduce perpetual futures tied to commodities, exchange-traded funds, foreign exchange markets and major equity indexes across Europe, subject to regional eligibility requirements. The company also unveiled Agentic Accounts for crypto, enabling eligible U.S. users to connect external AI models to dedicated trading accounts while setting limits over how much capital the automated agents can manage.
International expansion remains part of the company’s roadmap. Following the completion of its WonderFi acquisition in June, Robinhood has formally entered the Canadian market and said crypto trading will also launch in the U.K.
The product rollout comes as Wall Street analysts have become increasingly constructive on Robinhood’s outlook. As crypto.news reported earlier, Cantor Fitzgerald recently raised its price target on the stock from $110 to $130 while maintaining a Buy rating, arguing that upcoming product launches, prediction markets, a stronger pipeline of public listings and regulatory developments are not fully reflected in the company’s valuation.
Goldman Sachs also lifted its target to $108 from $105, while Truist Securities reaffirmed its Buy rating and maintained a $100 price target after reviewing recent trading data as reported by crypto.news.
The announcements also follow Robinhood’s recent restructuring. The company disclosed weeks earlier that it would reduce roughly 10% of its workforce, a move expected to generate about $28 million in charges, while first-quarter crypto transaction revenue declined 47% year over year to $134 million even as total company revenue increased 15% to $1.07 billion.
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