Robinhood launched the public mainnet for Robinhood Chain on Wednesday, marking its biggest move into onchain financial infrastructure as the company expands beyond its brokerage business.
The announcement came during Robinhood’s “The World is Flat” event at the Old Royal Naval College in London. Robinhood shares jumped more than 8% following the announcement, trading around $108 at press time.
Robinhood Chain is an Ethereum layer-2 network built using Arbitrum technology and designed for tokenized real world assets and decentralized finance applications. The permissionless network was previously released as a public testnet in February, with Robinhood describing it as financial infrastructure built for tokenized assets, lending platforms and perpetual futures exchanges.
Uniswap will deploy a dedicated automated market maker to serve as one of the chain’s primary public liquidity protocols, while Pleiades will operate a separate venue for proprietary trading. The network also includes integrations with Alchemy, BitGo and Chainlink, according to the company.
Robinhood also launched a new generation of Stock Tokens that eligible users can hold and trade through Robinhood Wallet in more than 120 countries. The assets can trade around the clock and may be used across decentralized applications, including lending markets and as collateral.
