Robinhood has expanded its tokenization program on the Arbitrum blockchain, deploying 80 new stock tokens in the past few days, bringing the total number of tokenized assets close to 500.
According to Dune Analytics, Robinhood has tokenized 493 assets with a total value exceeding $8.5 million. The cumulative minting volume has surpassed $19.3 million, offset by approximately $11.5 million in destruction activities, indicating a growing but actively traded market.
Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, with smaller allocations for commodities, crypto ETFs, and U.S. Treasury bonds.
Research analyst Tom Wan stated that the latest batch of tokenized assets includes Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS). "Thanks to tokenization, Robinhood's EU users can now access a broader range of U.S. stocks, equities, and ETFs," he noted.
In June, Robinhood launched a tokenization-focused layer two blockchain built on Arbitrum, allowing EU users to trade tokenized U.S. stocks and ETFs as part of its real-world asset (RWA) expansion.
The company's stock tokens reflect the prices of publicly traded U.S. securities but do not represent direct ownership of the underlying shares. Instead, according to the company, they are constructed as blockchain-based derivatives regulated under MiFID II (Markets in Financial Instruments Directive II).
The company also claims that stock tokens provide 24-hour market access, no hidden fees except for a 0.1% foreign exchange fee, and the ability to start investing with just 1 euro ($1.17).
However, this launch has drawn scrutiny. In July, the Lithuanian bank regulating Robinhood in the EU requested clarification on how the tokens are constructed. Tenev stated that the company welcomes this scrutiny.
Robinhood's tokenization launch came shortly after the brokerage introduced micro futures contracts for Bitcoin (BTC), Ripple (XRP), and Solana (SOL).
Earlier in May, the company acquired the Canadian crypto platform WonderFi for $179 million, further expanding its global footprint. Robinhood has also been advocating for clearer tokenization regulations in the U.S., submitting a proposal to the U.S. Securities and Exchange Commission (SEC) for a unified national framework for managing RWAs.
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Original article: “Robinhood Tokenizes Nearly 500 U.S. Stocks and ETFs for EU Users on Arbitrum”
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