Digital brokers launch tokenization stock service based on Arbitrum

According to Gate News bot, digital broker Robinhood (HOOD) announced on June 30 that it would expand its encryption business. The company plans to develop its own Blockchain network based on Arbitrum and launch tokenization stock trading services.

Robinhood has launched a tokenization stock product based on the Ethereum Layer 2 network Arbitrum for European users. The product covers over 200 US stocks and ETFs, supporting all-day trading on weekdays. The company stated that this move aims to upgrade its European crypto application to a "crypto-driven all-in-one investment platform."