Day: July 2, 2025
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Robinhood Enters L2 and Launches Tokenized US Stocks— Is This the Future of Onchain Brokerage?
At its Cannes event, Robinhood announced tokenized US stocks trading on its European app. Early tokens include Apple (AAPL-t), Tesla (TSLA-t), OpenAI, and SpaceX. The company buys real shares via regulated brokerage, holds them in custody, then issues 1:1 backed tokens on Ethereum’s Layer-2 network Arbitrum.