Robinhood tokenizes nearly 500 US stocks, ETFs on Arbitrum for EU users

Robinhood has significantly expanded its tokenization efforts on the Arbitrum blockchain, bringing the total number of tokenized assets for EU users to 493, with a total value exceeding $8.5 million. These tokenized assets primarily consist of US stocks (nearly 70%) and ETFs (about 24%). The stock tokens mirror the prices of publicly traded US securities but function as blockchain-based derivatives regulated under MiFID II, rather than representing direct ownership of the underlying shares. Robinhood launched this tokenization layer-2 blockchain in June as part of its real-world asset (RWA) expansion, offering 24-hour market access starting from 1 euro. The structure of these tokens has prompted regulatory scrutiny, with the Bank of Lithuania requesting clarification in July.

(Source：Cointelegraph)