Robinhood launches public testnet for blockchain built on Arbitrum
Robinhood, the popular U.S.-based trading platform leaning increasingly into crypto, has launched the public testnet for its own blockchain.
The blockchain is an Ethereum Layer 2 built on Arbitrum, Robinhood said Tuesday night.
"The testnet for Robinhood Chain lays the groundwork for an ecosystem that will define the future of tokenized real-world assets and enable builders to tap into DeFi liquidity within the Ethereum ecosystem," Robinhood SVP and GM of Crypto Johann Kerbrat said in a statement. "We look forward to building alongside our infrastructure partners as we work to bring financial services onchain."
Like most testnets, Robinhood's will support experimentation to identify issues and improve network stability ahead of a mainnet launch.
Since it began providing users with the ability to trade crypto, Robinhood has sought to expand its footprint in the digital assets arena. The platform's cryptocurrency transaction revenue, however, fell 38% year-over-year to $221 million during the fourth quarter of last year, the company reported Tuesday.
The result marked a significant slowdown from the third quarter, when crypto revenue surged to $268 million.
Robinhood said last month it plans to expand its tokenized stock offering to include round-the-clock trading, near-real-time settlement, and self-custody. The company launched tokenized stocks for European customers in June 2025, offering exposure to more than 2,000 U.S.-listed equities with 24/5 trading. The tokens are issued on Arbitrum One.
The company said that in the months ahead, developers using Robinhood Chain will be able to access "testnet-only assets, including Stock Tokens, to be used for integration testing," as well as "direct testing with Robinhood Wallet."
"Robinhood Chain is well-positioned to help the industry deliver the next chapter of tokenization and permissionless financial services," Offchain Labs co-founder and CEO Steven Goldfeder said.
Offchain Labs is the developer of Arbitrum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI demand drives TSMC to accelerate capacity expansion, 2nm monthly production aims for 120,000 wafers by year-end
According to reports, industry giants such as Apple, Nvidia, and AMD have collectively increased their orders by 10% to 20%, directly boosting TSMC's 2nm monthly production capacity to 120,000 wafers by the end of the year, which exceeds the previous estimate by more than 20% and brings forward the 2027 target by two years. For the first time in history, five factories will ramp up production simultaneously, and the annual compound growth rate of capacity from 2026 to 2028 will reach as high as 70%.
Long-term US Treasury Sell-off Continues! 10-Year Treasury Yield Breaks 5.2% Again, “AI Boom vs. Rising Financing Costs” Narrative Showdown Intensifies
On Monday, oil prices rose and US Treasury bonds were sold off again as former US President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, heightening concerns about inflation.
Banks Have Been Earning Effortlessly from Idle Funds for Years—Will AI Agents Change Everything?
For years, banks have profited from customers' idle funds, but AI agents may be about to change this situation.
Goldman Sachs: US stocks are showing a "strong index, weak confidence" pattern; catch-up rally may become the main theme of the next phase
Goldman Sachs stated that the current U.S. stock market is showing an unusual pattern: while index performance is strong, investor confidence remains weak. This suggests that the market still has further upside potential, and stocks that previously lagged behind leading AI stocks may soon experience a catch-up rally.
Crypto prices
More
