Robinhood Launches Arbitrum-Based Layer 2 Testnet for Tokenized Assets

Robinhood launched the public testnet for Robinhood Chain, an Ethereum Layer 2 built on Arbitrum technology, on February 10, the company said. The network is designed for tokenized real-world assets and financial services, is compatible with standard Ethereum tools, connects to broader DeFi liquidity, and supports asset bridging and self-custody from the start. Developers can access full documentation, test testnet-only assets such as Stock Tokens, and validate integrations with Robinhood Wallet, while infrastructure partners including Alchemy, Allium, Chainlink, LayerZero and TRM support early testing; the company plans to launch the mainnet later this year. Robinhood rolled out tokenized stocks for European customers in June 2025, providing exposure to over 2,000 U.S.-listed equities with 24/5 trading on Arbitrum One, acquired Bitstamp for $200 million, and reported fourth-quarter crypto transaction revenue down 38% year-over-year to $221 million, compared with $268 million in the third quarter.