Robinhood has ramped up its tokenization efforts on the Arbitrum network by recently adding 80 new stock tokens, bringing the total close to 500 tokenized assets with a combined worth of over $8.5 million.
According to data from Dune Analytics, Robinhood has achieved a total of 493 tokenized assets, generating a mint volume that surpasses $19.3 million, while about $11.5 million has been burned, indicating an active market.
Currently, stocks constitute about 70% of all tokenized assets, with ETFs making up around 24%, and lesser amounts allocated to commodities, crypto ETFs, and US Treasurys.
The recent tokens include Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), as noted by research analyst Tom Wan. He stated, “Robinhood EU users now have a wider range of US Stocks, Equities, and ETFs, thanks to Tokenization.”
Robinhood has tokenized 493 assets. Source: Dune Analytics
In June, Robinhood introduced a tokenization-centric layer-2 blockchain based on Arbitrum, enabling EU users to trade tokenized US stocks and ETFs, part of its real-world asset (RWA) strategy.
The tokens replicate the pricing of US publicly traded securities, yet do not confer direct ownership of the shares. Instead, they function as blockchain-based derivatives under the MiFID II (Markets in Financial Instruments Directive II) regulation.
Robinhood promotes the tokens as providing a 24-hour market access, with minimal fees beyond a 0.1% FX charge, and allows investments starting at just 1 euro (approx. $1.17).
However, their rollout has raised some questions. The Bank of Lithuania sought clarification in July regarding the token structure. Tenev has mentioned the company’s welcoming of this scrutiny.
Robinhood’s tokenization initiative followed shortly after it launched micro futures contracts for Bitcoin (BTC), XRP, and Solana (SOL). Earlier in May, they acquired WonderFi, a Canadian crypto platform, in a deal worth $179 million, further expanding their global operation. Moreover, Robinhood is advocating for clearer regulations on tokenization in the US and has proposed a unified framework to the Securities and Exchange Commission governing RWAs.
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