Robinhood has expanded its tokenization initiative on the Arbitrum blockchain, deploying 80 novel exchange tokens over the past few days and bringing the total number of tokenized assets to nearly 500.
According to data with Dune Analytics, Robinhood tokenized 493 assets with a total value of more than $8.5 million. Total mint volume exceeded $19.3 million, offset by approximately $11.5 million in burning activity, signaling a growing but vigorous market.
Equities make up almost 70% of all token deployments, followed by exchange-traded funds (ETFs) at around 24%, with smaller allocations to commodities, cryptocurrency ETFs and US Treasuries.
The latest batch of tokenized assets includes Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), research analyst Tom Wan he said. “Robinhood users in the EU now have a wider range of US stocks, stocks and ETFs thanks to tokenization,” he noted.
Related: Ondo Finance to SEC: Hold off on Nasdaq tokenized securities plan
Blockchain-based derivatives, not real stocks
In June, Robinhood launched an Arbitrum-powered tokenization-oriented Layer 2 blockchain, allowing EU users to trade tokenized U.S. stocks and ETFs as part of its real-world asset (RWA) expansion.
The company’s stock tokens reflect the prices of publicly traded U.S. securities but do not represent direct ownership of the underlying stock. Instead, they are structured as blockchain derivatives regulated under MiFID II (Markets in Financial Instruments Directive II), according to the company.
The company also claims that exchange tokens offer 24-hour market access, no hidden fees beyond a 0.1% currency fee, and the ability to start investing with as little as €1 ($1.17).
However, the implementation has attracted interest. In July, the Bank of Lithuania, which regulates Robinhood in the EU, asked for clarification on the token structure. Tenev said the company welcomes the review.
Related: Following its success in the US, Robinhood plans to expand its prediction markets abroad
Robinhood deepens its cryptocurrency expansion
Robinhood’s tokenization launch comes shortly after the brokerage firm launched micro futures on Bitcoin (BTC), XRP (XRP), and Solana (SOL).
In early May, the company acquired Canadian crypto platform WonderFi for $179 million, further expanding its global reach. Robinhood is also pushing for clearer tokenization regulations in the U.S., filing a proposal for a unified national framework for regulating RWAs with the Securities and Exchange Commission.
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