Robinhood has significantly expanded its tokenization project on the Arbitrum blockchain, recently adding 80 new stock tokens, making the total close to 500. This drive represents roughly $8.5 million in tokenized assets.

Based on data from Dune Analytics, Robinhood has now tokenized 493 assets with a combined value of more than $8.5 million. The total mint volume has gone beyond $19.3 million, contrasted with approximately $11.5 million in burning activities, illustrating a dynamic and active trading environment.

Nearly 70% of the tokens pertain to stocks, around 24% to exchange-traded funds (ETFs), with lesser amounts attributable to commodities, crypto ETFs, and US Treasuries.

The most recent set of tokenized assets includes stocks from Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), as mentioned by research analyst Tom Wan. “Robinhood EU users now have a wider range of US Stocks, Equities, and ETFs, thanks to Tokenization,” he remarked.

Robinhood has tokenized 493 assets. Source: Dune Analytics

Blockchain-based Derivatives, Not Actual Shares

In June, Robinhood launched a blockchain designed specifically for tokenization, based on Arbitrum, facilitating EU users to engage in trading tokenized US stocks and ETFs as part of its real-world asset (RWA) expansion.

While the firm’s stock tokens reflect the prices of publicly listed US securities, they do not confer direct ownership of the underlying stocks. They are classified as blockchain-based derivatives and regulated under MiFID II (Markets in Financial Instruments Directive II), according to the firm.

Robinhood asserts that these stock tokens provide 24/7 market access, a transparent fee structure with just a 0.1% foreign exchange charge, and the ability to start investing with as little as 1 euro (roughly $1.17).

Nonetheless, the initiative has faced scrutiny. In July, the Bank of Lithuania, which oversees Robinhood’s operations in the EU, sought clarification on the structure of the tokens. Tenev indicated that the firm welcomes this review.

Robinhood Expanding in the Crypto Sphere

Robinhood’s tokenization rollout followed closely after the brokerage firm introduced micro futures contracts for Bitcoin (BTC), XRP, and Solana (SOL). Earlier in May, the firm acquired the Canadian cryptocurrency platform WonderFi for $179 million, further enhancing its global presence. The company is also actively pushing for clearer regulations surrounding tokenization in the US, having submitted a proposal to the Securities and Exchange Commission for a unified national framework governing RWAs.

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