Robinhood has backed Arcus, a rebrand of the dYdX decentralized exchange on its new blockchain, which is set to bring tokenized stocks and perpetuals trading.

Robinhood Chain, a Layer 2 built using Arbitrum's tech stack, went live on public mainnet, with partners including Uniswap from day one.

Brokerage and crypto exchange Robinhood opened the public mainnet for its Arbitrum-powered Ethereum layer-2 network on Wednesday.