Robinhood Introduces Dedicated Layer-2 Network for Tokenized Assets

Robinhood has unveiled its own public blockchain alongside a new suite of tokenized stock products, marking a major step in its strategy to bring traditional financial assets fully onchain and integrate them into decentralized applications.

The move expands the company’s push into blockchain-based finance by enabling users to access tokenized equities in a more flexible, programmable environment.

Stock Tokens Available in Over 120 Countries

The company introduced a new generation of Stock Tokens available to eligible users in more than 120 countries via Robinhood Wallet.

These assets can be traded 24/7 and used across decentralized finance (DeFi) applications, including lending protocols and collateralized borrowing.

However, Robinhood clarified that these tokens are debt instruments issued by Robinhood Assets Jersey Limited, tracking the performance of underlying equities without granting legal ownership, voting rights, or shareholder privileges.

Classic Stock Tokens for Existing Products

Robinhood’s earlier tokenized equity offerings will now be rebranded as Classic Stock Tokens.

These products continue to provide exposure to more than 2,000 stocks and exchange-traded products through Robinhood’s European platform, though they currently cannot be transferred to external wallets.

Robinhood Expands Into Crypto Lending With Earn

Beyond equities, Robinhood has launched Robinhood Earn, allowing eligible U.S. users to lend the USDG stablecoin through a self-custody wallet.

The product targets an estimated annual yield of around 7%, powered by infrastructure from Morpho, alongside support from protocols such as Steakhouse, Ethena, Spark, and Maple.

However, the company emphasized that yields are variable and not guaranteed.

Perpetual Futures and AI-Driven Trading Tools

Robinhood Wallet is also integrating access to perpetual futures via the Ethereum-based decentralized exchange Lighter, supported by an $11 million LIT token incentive program to reward trading activity.

In addition, the company introduced Agentic Accounts, allowing U.S. users to connect external AI models to trading accounts while setting strict capital limits for automated strategies.

Global Expansion Strategy

International expansion remains a core part of Robinhood’s roadmap.

Following its acquisition of WonderFi, the company has officially entered the Canadian market and plans to launch crypto trading in the United Kingdom, with further expansion expected across Europe and other regions.

It also plans to introduce perpetual futures tied to commodities, ETFs, forex, and equity indices, subject to regulatory approval.

Wall Street Outlook Turns More Positive

Robinhood’s rollout comes amid growing optimism from analysts. Cantor Fitzgerald raised its price target to $130, citing strong product expansion and regulatory tailwinds, while Goldman Sachs increased its target to $108. Truist Securities also maintained a Buy rating with a $100 target.

These upgrades reflect confidence that Robinhood’s expanding product ecosystem is not yet fully priced into its valuation.

Financial Performance and Restructuring

The announcement follows a broader corporate restructuring, including a workforce reduction of roughly 10%, expected to generate $28 million in charges.

Despite this, Robinhood reported a 15% increase in total revenue to $1.07 billion, even as crypto transaction revenue fell 47% year over year to $134 million.

Future Outlook

Robinhood’s latest expansion highlights a clear strategic pivot toward building a vertically integrated onchain financial ecosystem, rather than remaining a traditional brokerage with crypto add-ons. By combining tokenized equities, decentralized trading infrastructure, and AI-driven account automation, the company is positioning itself at the intersection of fintech, DeFi, and programmable finance.

However, the distinction between synthetic exposure and true asset ownership remains a critical regulatory and investor perception challenge that could shape how far tokenized brokerage models can scale globally.