Robinhood stock rallied 8% as investors reacted to a broad product push centered on its public blockchain launch.
Shares of one of the largest U.S. brokerages, Robinhood, rose more than 8.3% on Wednesday, July 1, as the company unveiled the mainnet launch of its own blockchain aimed at decentralized finance and artificial intelligence.
On July 1 at a London event, Robinhood announced the public mainnet launch of Robinhood Chain, its own Layer-2 blockchain built using the Arbitrum network, the same Ethereum scaling ecosystem that previously hosted Robinhood’s first stock tokens on Arbitrum One.
At launch, the network is already supported by many major DeFi and infrastructure players, including Uniswap, LI.FI, BitGo, Chainlink and Alchemy. Commenting on the launch, Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, said:
“Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate. We’re bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe.”
Read also: Ark Invest Buys $18.4M in Coinbase Stock, Sells $29M in Robinhood — Here’s Why
Robinhood Chain Launch Comes With Tokenized Stocks
Alongside the blockchain, Robinhood also launched stock tokens on Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction.
The tokens are meant to let eligible users trade tokenized versions of stocks around the clock on Robinhood Chain and use them in DeFi, including lending and collateral-based trading.
As Robinhood explained, spot trading will be available through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus and 1inch.
Beyond that, the company started rolling out Robinhood Earn to eligible U.S. customers, letting them lend dollar-backed USDG▼$0.9997 stablecoin by Paxos through an infrastructure powered by Morpho.
The company also said it plans to launch crypto trading in the UK, though no timeframe was given on that.
Read more: Best Blockchain API Providers for Fast Web3 Data in 2026
