Robinhood has boosted its tokenization efforts on the Arbitrum blockchain with the addition of 80 new stock tokens over recent days, bringing the cumulative total to nearly 500 tokens. The total value of these tokenized assets is reported to exceed $8.5 million. According to Dune Analytics, Robinhood has now tokenized 493 assets, with a mint volume surpassing $19.3 million, balanced against approximately $11.5 million in token burning, indicating a vibrant trading environment.
Asset Distribution Stocks represent nearly 70% of all tokenized assets, followed by exchange-traded funds (ETFs) at 24%, and smaller amounts allocated to commodities, crypto ETFs, and US Treasuries.
The recent tokenized stock offerings include companies like Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), as stated by research analyst Tom Wan. He noted, “With tokenization, Robinhood’s EU users now have broader access to US stocks, equities, and ETFs.”
Robinhood has tokenized 493 assets. Source: Dune Analytics.
Blockchain-Based Derivatives
In June, Robinhood launched a tokenization-focused layer-2 blockchain on Arbitrum, allowing European users to trade tokenized US stocks and ETFs as part of its real-world asset (RWA) initiative. The company claims these stock tokens reflect the prices of publicly traded US securities but do not denote direct ownership of the underlying stocks. They function instead as blockchain-based derivatives regulated under the MiFID II (Markets in Financial Instruments Directive II).
Robinhood asserts that its stock tokens provide 24/7 market access with no hidden fees, save for a 0.1% foreign exchange charge, and allow investments starting from €1 ($1.17).
However, the rollout has faced scrutiny as the Bank of Lithuania, which oversees Robinhood’s European operations, sought clarification about the structure of these tokens. The company’s CEO, Vlad Tenev, has stated they are open to the review.
Extending Crypto Horizons
This tokenization launch follows Robinhood’s introduction of micro futures contracts for Bitcoin, XRP, and Solana. Additionally, the firm earlier acquired Canadian crypto platform WonderFi for $179 million, further enhancing its international presence. Robinhood is also advocating for clearer regulations surrounding tokenization in the US, having proposed a unified national framework for RWAs to the Securities and Exchange Commission.
