Robinhood has tokenized 493 assets on the Arbitrum blockchain, including US stocks and ETFs, with a total value exceeding $8.5 million. These tokenized assets are MiFID II-regulated derivatives that track underlying securities without conferring direct ownership. The initiative has seen a cumulative mint volume of over $19.3 million and burn activity nearing $11.5 million, with stocks comprising 70% of the token mix and ETFs 24%. The Bank of Lithuania has requested clarification on the structure of these tokenized assets, prompting Robinhood to welcome the review as part of broader regulatory efforts in Europe. This scrutiny highlights the increasing regulatory focus on digital asset innovations in the financial sector.