According to CEO Vlad Tenev, Robinhood’s Layer 2 Ethereum network processed 4 million transactions in its first week of public testnet operations.
On Thursday post on X Tenev said developers have started experimenting with applications on the L2 network, which was built for tokenized real-world assets (RWAs) and blockchain-based financial services. “The next chapter of finance works in a chain,” he wrote.
The trading platform last week launched the Robinhood Chain testnet as Layer 2 of Ethereum built using Arbitrum technology. The launch comes after about six months of private testing and is intended to serve as a high-throughput environment for financial applications.
According to the company, the network will support tokenized stocks, ETFs and other customary financial instruments. Infrastructure partners include Alchemy, LayerZero and Chainlink.
Related: Tokenized stocks are ‘inevitable’ and could trigger trading freeze: Robinhood CEO
Robinhood plans to launch its mainnet this year
The Robinhood Chain mainnet is scheduled to launch later this year. Meanwhile, the testnet will host experimental assets, including exchange tokens and tighter connections to the company’s crypto wallet.
The move comes as Robinhood expands its crypto reach beyond trading. The company has already tokenized nearly 500 U.S. stocks and ETFs on Arbitrum as part of a broader real-world asset strategy.
Robinhood reported net revenue of $1.28 billion in the fourth quarter of 2025, up 27% year-over-year but below analyst expectations of $1.34 billion as cryptocurrency revenues declined. Cryptocurrency trading revenue fell 38% to $221 million after the market deteriorated in October, contributing to a 34% drop in net income to $605 million, even though earnings per share slightly beat forecasts.
Related: ARK Invest adds $34M stake in Robinhood as Bitcoin falls below $66K dollars
Tokenized assets in the real world grow by 10% in a month
The market for tokenized RWA assets continues to grow, with approximately $24.83 billion in assets issued directly on-chain, up approximately 10% over the past month. According to to data from RWA.xyz. The broader category of digitally represented assets now stands at approximately $372.97 billion, while the number of wallets holding tokenized financial products has reached approximately 850,558, an raise of over 33% in 30 days.
Meanwhile, stablecoins have a value of $296.69 billion among 236 million users. Although the total value of stablecoins decreased slightly during the month, the number of holders continued to raise.
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