Tokenized Stock Infrastructure & Layer 2 Activity - Arbitrum secured Robinhood's tokenized stock infrastructure [1] - $43.7 million USDC flowed from custody wallets to Arbitrum last week, the largest Layer 2 inflow this quarter [1] - Average transfer size was $500 thousand [1] Expansion & Launch Timeline - Robinhood is hiring a Director of Finance and Head of OPCO [1] - Hiring indicates a potential Q1 2026 launch [1] Market Maker Activity - Market makers don't move $40 million for yield farming, suggesting a different motivation [1]