The Robinhood network will be promoted by arbitrum, another second layer of Ethereum.
According to the company’s CEO, the Mainnet will be ready “soon.”
The Robinhood financial platform announced on June 30 the development of Robinhood Chain, a second layer (L2) based on Ethereum. According to Vlad Tenev, CEO of the company, the Mainnet It will be operational “soon.”
According to him CEO of the companyRobinhood Chain promises to be a network without permits (Permitionless), which means that any user or developer can interact with it No restrictions imposed by a central authority. This approach encourages decentralization, a key principle in the cryptocurrency ecosystem.
According to its official website, This L2 It will be Optimized for real world asset tokenization (RWA), such as shared actions and funds (ETF), allowing users to transfer, access and manage those assets without blockages or limitations of traditional brockers.
In addition, Robinhood Chain will be driven by arbitrum, one of the most relevant second -layer chains in the Ethereum ecosystem.
As explained by the team behind arbitrum “as of today (June 30), Robinhood will launch tokenized actions in arbitrum One.”
Besides, They assured that “Robinhood will issue More than 200 American shares and ETF tokens in Arbitrum Onefor clients of the European Union directly in its Robinhood application. ”Once the Mainnet of Robinhood Chain Be operational, those assets will migrate to her.
So far, The existence of a native token has not been officially confirmed For Robinhood Chain, his name or economic structure has been revealed. Since Robinhood Chain is an L2 designed to operate in a decentralized way, it is reasonable to speculate that could incorporate a native token for functions such as the payment of transaction rates (gas), governance or incentives within the ecosystem.
Technology companies bets on the Ethereum ecosystem
This movement not only extends the offer of services of the Robinhood platform, but also reinforces the trend of technology companies that bet on Ethereum as technical support For your own networks.
As Cryptonotics reported, an example of this is what Sony’s company with its Ethereum Soneuim L2 network. Other recent cases include Exchange Coinbase, who launched their base L2 in 2023, and Kraken, with their second -layer Inkactivated last December.
In that sense, the cryptocurrency analyst Leo Lanza pointed out that Ethereum is consolidating as A platform that transforms financial applications traditional in layer networks 2.
«What Ethereum really offers is a platform effect that converts applications Fintech in L2. Suddenly, more than 100 million people are using Ethereum without even knowing it, ”said Lanza.
The preference for networks with their own native tokens backed by recognized companies could displace the so -called Altcoins, that operate in networks with less prestige, confidence in the industry and less institutional adoption.
