Robinhood has launched over 200 tokenized U.S. stocks and ETFs for European Union investors, issued via the Arbitrum Layer 2 blockchain. The platform plans to migrate these assets to its own Ethereum-based Layer 2 blockchain tailored for tokenized real-world asset trading. The new service allows EU-based users to trade stock tokens representing top U.S. companies such as Apple, Nvidia, and Microsoft. These tokens offer zero-commission trading and 24-hour access five days a week, complete with dividend eligibility. Robinhood has also introduced crypto perpetual futures in the EU, offering up to 3x leverage, routed through Bitstamp, which Robinhood acquired for $200 million. Additionally, crypto staking is now available for eligible U.S. customers, starting with Ethereum (ETH) and Solana (SOL). Following these announcements, Robinhood's stock (HOOD) surged 12.7%, reaching an all-time high of $94.24.
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