Robinhood Brings US Stock and ETF Tokens to Europe

Core Insights - Robinhood is expanding its offerings by launching U.S. stock and ETF tokens in the European Union, transitioning its app from a crypto-only platform to a comprehensive investment app powered by crypto [2][3] - The new offering provides European customers access to over 200 U.S. stock and ETF tokens, with stock token holders receiving dividends directly in their app [3] Product Development - The stock tokens will initially be issued on Arbitrum, with plans to transition to Robinhood's own Layer 2 blockchain, which is currently in development and will support 24/7 trading and self-custody [3] - This launch is part of a broader initiative by Robinhood to introduce new trading tools, including mobile charting capabilities and options simulated returns pre-trade, aimed at enhancing the trading experience for active traders [5][6] Industry Context - The tokenization of real-world assets is seen as a significant advancement in the crypto space, potentially increasing accessibility and liquidity in previously illiquid markets [4]