Robinhood unveiled plans to launch a custom Layer 2 blockchain as part of its crypto expansion, aiming to power tokenised assets and deliver seamless trading through in-house infrastructure

Quotes that support claims

Robinhood said it is developing its own blockchain, which in time will be used to record transactions for tokenized stocks.

The upcoming chain, based on the Arbitrum tech stack, is aimed to support 24/7 trading, self-custody and cross-chain bridging of tokenized assets.