Robinhood is reportedly developing a blockchain network to enable retail investors in Europe to trade US securities. This development aims to expand the company's presence in the European market, allowing the trading of tokenized securities such as stocks. Robinhood has received a brokerage license in Lithuania, which permits it to offer investment services across the European Union. The company is in discussions with two crypto firms, Arbitrum and the Solana Foundation, as potential partners for the project. The tokenization process converts real-world assets into digital tokens tradable on a blockchain, which can reduce costs, enhance accessibility, and speed up transaction settlements. In recent market movements, Robinhood's shares rose by 2.7% on the Nasdaq. However, no formal agreements have been established with Arbitrum or Solana as the parties involved have declined to comment. The expansion aligns with a growing trend among traditional financial firms exploring blockchain solutions.

Source 🔗