- Robinhood Chain records massive early activity from eager developers.
- Tokenized stocks push Robinhood deeper into blockchain finance ambitions.
- Mainnet launch approaches as interest in tokenization accelerates rapidly.
Robinhood’s push into blockchain gained early momentum after its new public testnet processed four million transactions within the first week, according to CEO Vlad Tenev. In a post on X on Thursday, he said developers have already started building applications on the Layer 2 chain and noted the network targets tokenized real-world assets and onchain financial services.
Robinhood launched the public testnet last Tuesday after six months of private testing. The company built the network as an Ethereum Layer 2 using Arbitrum technology, and early developer activity quickly pushed the transaction count higher, highlighting strong interest in tokenized finance infrastructure.
Developer activity accelerates after public launch
Developers now experiment with tools focused on tokenized equities and exchange-traded funds, while Robinhood designed the chain as a permissionless platform for high-throughput financial applications and integrated partners such as Alchemy, LayerZero, and Chainlink to support infrastructure, cross-chain communication, and reliable data feeds.
Moreover, the fast start strengthens Robinhood’s long-term blockchain strategy as the company expands digital asset initiatives despite weaker crypto trading revenue and shifts focus toward tokenization and new financial services powered by blockchain.
Also Read: World’s Largest XRP Treasury CEO Reveals Major Plans Around XRP – What You Should Know
Robinhood recently announced plans to expand tokenized stock offerings, and according to the company, the roadmap includes round-the-clock trading capabilities, near real-time settlement, and self-custody options that could increase investor control over assets.
Meanwhile, Robinhood reported declining crypto transaction revenue in the fourth quarter, with revenue falling 38% year over year to $221 million, yet leadership continues to emphasize tokenization as a major long-term opportunity and describes the shift as part of a broader transformation in financial markets.
Mainnet timeline and industry implications
Robinhood expects the mainnet release later this year, although it has not shared a specific timeline, while growing developer interest may shape final features and performance goals. Additionally, the company views blockchain as a tool to improve efficiency and accessibility, as tokenized assets could shorten settlement times and simplify global participation.
Developers currently testing the network explore trading and asset management use cases, and their feedback may influence final changes before the mainnet launch, so the testnet phase remains critical for refining the platform.
Robinhood’s early testnet performance highlights rising developer interest in tokenized finance, while the company continues investing in blockchain despite recent revenue pressure, and attention now turns to the upcoming mainnet and its real-world impact.
Also Read: Big News: Deutsche Bank Is Now ‘Relying on XRP Infrastructure’ – Details
