Robinhood has introduced its stock tokenization service on the Arbitrum One network, with the market capitalization of these tokens surpassing $13 million, according to Token Terminal data. Johann Kerbrat, head of Robinhood's crypto division, highlighted the benefits of using Ethereum for its inherent security and Arbitrum for its engineering flexibility. This move marks a significant step in Robinhood's expansion into blockchain technology, leveraging the capabilities of Ethereum's layer-2 solution to enhance its offerings.
Robinhood Launches Stock Tokenization on Arbitrum, Market Cap Hits $13M
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
