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2mo ago

Robinhood Launches Public Testnet for Arbitrum-Based Robinhood Chain

The brokerage is building a compliance-focused Layer-2 to host tokenized equities and ETFs, opening developer access now as it targets a mainnet later in 2026.

Robinhood Layer-2 goes live as its crypto revenue drops 38%
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Robinhood activates testnet for Ethereum layer 2 blockchain

Overview

  • The Ethereum Layer-2 is tailored for tokenized real-world assets with goals of 24/7 trading, bridging to DeFi, and self-custody through Robinhood Wallet.
  • Developers now have public endpoints, documentation, and compatibility with standard Ethereum tooling after six months of private testing.
  • Early infrastructure integrations have begun with Alchemy, Allium, Chainlink, LayerZero, and TRM ahead of the mainnet launch.
  • Robinhood plans to add test-only stock tokens and deeper wallet integration on the testnet before moving to mainnet later this year.
  • The initiative builds on Robinhood’s earlier stock tokens for European users and enters a competitive L2 landscape led by Coinbase and Kraken, as the company reported a 38% year-over-year drop in Q4 crypto revenue.