Robinhood activates testnet for Ethereum layer 2 blockchain
Robinhood launched the public testnet for Robinhood Chain, an Ethereum layer 2 network using Arbitrum technology, focused on tokenized RWAs.Summary
Robinhood has activated the public testnet for Robinhood Chain, a new Ethereum layer 2 network built using Offchain Labs' Arbitrum technology. This chain is specifically designed to support onchain financial infrastructure, connecting traditional markets, crypto, and tokenized real-world assets (RWAs).
Johann Kerbrat, who leads Robinhood’s global crypto strategy, stated the testnet aims to establish an ecosystem for tokenized RWAs and support developers integrating with DeFi on Ethereum. The network is optimized for tokenized equities, ETFs, and private assets, enabling their representation, trading, and self-custody onchain, aligning with Robinhood's goal of 24/7 accessible finance without intermediaries.
Infrastructure partners like Alchemy, Chainlink, and LayerZero are already integrating. Robinhood plans to launch the mainnet later this year, at which point it will host offerings like the tokenized US equities previously introduced to European customers, enabling 24/7 trading and self-custody.
(Source：Crypto Briefing)