Robinhood, the popular trading app, is building its own blockchain – and it’s aiming for top-tier security.
A Military-Grade Blockchain for Real-World Assets
CEO Vlad Tenev revealed in a recent Bloomberg interview that the company is developing a blockchain specifically designed for real-world assets (RWAs). Think of this as a super-secure system for handling digital versions of traditional assets like stocks and bonds. Tenev emphasized the need for a fast, cheap, and incredibly secure blockchain, stating that current options don’t quite meet their standards. He aims for “military-grade security” for this new “Robinhood chain.” The goal is to use this blockchain to power all their decentralized finance (DeFi) offerings.
Already Making Moves in Europe
Robinhood isn’t waiting to launch its own chain to get into the RWA game. They’ve already rolled out tokenized versions of US stocks and ETFs to their European customers using the Arbitrum network. This means European users now have access to over 200 tokenized US stocks and ETFs, transforming their app from a crypto-only platform into a full-service investment app.
