[Robinhood: Building Ethereum-Based L2 for Its Security and Liquidity] BlockBeats News, January 11, Robinhood's Head of Crypto, Johann Kerbrat, stated that the company chose to build an Ethereum Layer-2 network based on Arbitrum rather than launching an independent Layer-1. The core reason is to directly leverage Ethereum's security, decentralization, and EVM ecosystem liquidity, allowing the company to focus on core products such as stock tokenization. Robinhood's proprietary L2 is currently 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 the initial approximately 200 to over 2,000. (CoinDesk)