Robinhood expands in crypto with tokenized actions, staking and his own blockchain

By Hannah Pérez

The popular brokerage platform, Robinhood, expands its presence in the world of cryptocurrencies with a new offer that includes tokenized actions, Staking of Ethereum and Solana and the next launch of their L2 network.

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The popular brokerage platform, Robinhood, expands its presence in the world of cryptocurrencies.
Announces launch of tokenized shares in Europe and Staking of Ethereum and Solana in several countries.
He also prepares to display his own Blockchain Red layer 2.

Robinhoodone of the most recognized names in Fintech and online trade, is expanding its footprint in the world of cryptocurrencies with the launch of tokenized shares, service of Staking And even its own network Blockchain.

In a press release on Monday, the company announced a series of new offers aimed at strengthening its presence in the digital asset ecosystem. Among those, Robinhood He announced the launch of tokenized stock stock actions.

Tokenization, an increasing trend within the financial sector, consists of converting real -world assets, often financial instruments such as actions or bonds, in digital representations —tokens – housed on a Blockchain.

The new tokenized offer of Robinhoodwhich is launched in Europe, will allow European clients to access the trade of more than 200 shares and funds quoted in the stock market (ETF) of the United States market without pause, during the 7 days of the week.

“European clients will have access to 200+ American actions and ETF tokens. Action tokens holders will also receive dividend payments directly in their application“The firm said in a blog post.

Robinhood vessels in tokenization

Although the users of the platform already have access to American actions and ETFs, the difference is that now they will also be able to trade these instruments in the Blockchain through Tokens. These assets – raised to actions such as Tesla, Appleetc.— are different of cryptocurrencies such as Bitcoin and Ethereumalso available directly from the application.

With this launch Robinhood It becomes “An exclusive cryptocurrency application to an investment application all in one driven by cryptocurrencies ”indicates the press release.

Tokenized actions will be issued in Arbitrumthe network Blockchain of layer 2 of Ethereumproviding users expanded to the traditional stock market. Later, the company expects this offer to be issued directly in its own chain.

A lot of popular cryptocurrency exchanges, including Bybit, Kraken and Gemini, recently they have begun to offer tokenized actions to users, while Coinbase It also seeks regulatory approval to do so, according to reports.

Work in your own blockchain layer 2

As part of the ads, Robinhood He revealed that he is building his own network Blockchain layer 2 (L2), optimized for tokenized assets and that will take advantage of the technological battery of Arbitrum.

A launch date has not been revealed, but people familiar with the matter said that it could be deployed between the end of this year and the beginning of the next, as reported COINDESK.

Staking for Ethereum and Solana

Other ads of Robinhood on Monday they included the launch of perpetual futures in the European Union and the Staking of Ethereum and Solarium For users in the United States, the EU and the European economic space.

He Staking cryptocurrency is the process of blocking or reserving a number of tokens in a network Blockchain (used by the consensus mechanism Proof of Stake) to support its operation. In return, participants receive rewards in the form of more cryptocurrencies, similar to interest. It is like lending coins to the network to help operate and make profits for it.

Robinhood It launched perpetual future, a popular derivative instrument among cryptocurrency merchants, for European users. Transactions are routed through Bitstampone of the oldest active cryptocurrencies in the world, which Robinhood acquired for 200 million dollars.

In addition, for a limited time, EU investors may transfer cryptocurrency to Robinhood and earn an increase in deposit of 1% – with the possibility of duplicating it to 2% if the total deposits reach USD $ 500 million.

The credit card Robinhood Gold Now it will also offer US customers cash reimbursements for their purchases and, as of September, these rewards can be used to buy cryptocurrencies automatically, according to the press release.

Robinhood’s impulse towards cryptocurrencies

New products are Robinhood He works to strengthen and expand his position in the cryptocurrency sector and digital financial services.

Just a few days ago, the company announced the incorporation of microfuturos based on cryptocurrencies XRP and Solarium, as well as a reduced version of their futures of Bitcoin Fridayfor its customers in the United States.

“Our latest offers feel the foundations for cryptocurrency to become the backbone of the global financial system“said the president and CEO of RobinhoodVlad Tenev.

Hannah Estefanía Pérez / Diariobitcoin

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