Robinhood's Head of Crypto, Johann Kerbrat, stated that the company chose to build an Ethereum Layer-2 network based on Arbitrum instead of launching an independent Layer-1. The main reason is to directly leverage Ethereum's security, decentralization, and EVM ecosystem liquidity, allowing them to focus on core products like stock tokenization. Robinhood's proprietary L2 is still in the private testnet phase, with tokenized stocks already deployed on Arbitrum One. In the future, assets and liquidity can be seamlessly migrated when the new chain goes live. As of now, the number of tokenized stocks on Robinhood has expanded from around 200 initially to over 2,000. (CoinDesk) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54880