Robinhood Bets on a New Blockchain, Tokenized Stocks and Agentic AI Trading
The product push aims to broaden Robinhood’s revenue mix by using tokenized securities and blockchain infrastructure to power new trading services.
Overview
- At its product event this week, Robinhood announced Robinhood Chain, a new Layer 2 public blockchain built on Arbitrum to connect its tokenized-asset features to DeFi tools such as Chainlink and Uniswap.
- The company launched 24/7 stock tokens that are now live in more than 120 countries to give customers round-the-clock exposure to stocks and ETFs.
- CEO Vlad Tenev described plans for agentic AI trading that could execute trades on users’ behalf, but that capability is still in development and has not been released.
- Investors reacted strongly: HOOD shares rose sharply this week and multiple firms including Mizuho, BTIG and Piper Sandler raised or reiterated bullish ratings and higher price targets.
- Robinhood has accelerated international expansion through the June WonderFi purchase and planned U.K. and Singapore rollouts, and investors will watch Q2 earnings on July 29 to see if higher volumes and new products lift sustainable revenue.