**[Robinhood Executive Details Layer 2 Strategy: Leveraging Ethereum's Security and EVM Liquidity, Currently in Testing Phase]** Odaily Planet Daily News – Johann Kerbrat, Head of Robinhood Crypto, recently shared updates in an interview regarding the company’s upcoming Ethereum Layer 2 network, tokenized stock project, and staking services. Johann Kerbrat stated that Robinhood ultimately chose to build on the Ethereum ecosystem with Layer 2, rather than developing an independent Layer 1, due to considerations of "focus." By anchoring to Ethereum, Robinhood can directly benefit from its mature security, decentralization features, and the vast liquidity within the EVM space, allowing the company to concentrate its efforts on developing core functionalities like stock tokenization. Currently, this Layer 2 network is in the private testnet phase, and no public release timeline has been announced yet. Notably, Robinhood’s tokenized stocks are already operational on Arbitrum One, with the number of offerings expanding from 200 at launch in July last year to over 2,000. Kerbrat emphasized that this is just the beginning, with plans to extend tokenization services to private equity, real estate, and art in the future. Additionally, thanks to updated policies from the U.S. SEC, Robinhood launched staking services across most regions in the U.S. in June last year. (CoinDesk)