Robinhood introduced on Tuesday night {that a} builders’ model of its customized constructed blockchain, often called Robinhood Chain, is now stay. The transfer, introduced on the Consensus occasion in Hong Kong, comes as the corporate accelerates its push into crypto-based monetary providers, together with tokenized variations of widespread shares.
Robinhood Chain, which the corporate teased final June, is at the moment within the so-called testnet part. Which means it’s publicly seen however restricted to a restricted variety of companions and members who can check its infrastructure, and introduce experimental options. In coming months, the “mainnet” model of Robinhood Chain will go stay and be used to course of buyer transactions.
“We now have Alchemy, LayerZero, Chainlink, and different huge crypto gamers. However shifting ahead, when the mainnet is stay, clients will be capable of work together straight with it,” Robinhood’s SVP of Crypto, Johann Kerbrat, advised Fortune.
Kerbrat added that Robinhood Chain will help transactions each in its self-custody crypto pockets, and likewise in the principle Robinhood app. He famous that, on a buyer degree, the blockchain shall be a seamless expertise and many individuals shall be unaware they’re even utilizing it.
Robinhood Chain itself is constructed on a know-how referred to as Arbitrum, a so-called Layer 2 blockchain that sits atop Ethereum, and is designed to course of transactions in batches with a view to make them cheaper and extra environment friendly. Arbitrum is one in all two dominant Layer 2 applied sciences within the Ethereum world. The opposite is known as Optimism, and is utilized by Robinhood rival Coinbase, which has tailored it for its personal widespread Base blockchain.
The launch of Robinhood Chain comes as the corporate is in a push to embrace tokenization, which CEO Vlad Tenev final yr described as a freight practice coming to monetary markets. The time period describes turning varied belongings into digital tokens, together with shares, that may be traded on a blockchain in the identical manner as Ethereum.
Robinhood’s blockchain announcement got here the identical day the corporate reported fourth quarter earnings for 2025. The earnings confirmed a fourth-quarter revenue of $605 million, or 66 cents a share, which beat analysts’ estimate of 63 cents. Robinhood posted weaker than anticipated income, nonetheless, main shares to fall in after-hours buying and selling.
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