Robinhood’s Ethereum layer-2 testnet processed 4 million transactions in its first week of public activity, chief executive Vlad Tenev said, as developers begin building applications focused on tokenised real-world assets and onchain financial services.
The Robinhood Chain testnet, built using Arbitrum technology after six months of private testing, is designed as a high-throughput environment supporting tokenised equities, exchange-traded funds and other traditional financial instruments.
“The next chapter of finance runs onchain,”
Tenev wrote, signalling the company’s broader push beyond brokerage trading into blockchain infrastructure.
Infrastructure partners on the project include Alchemy, LayerZero and Chainlink, while a mainnet launch is planned later this year with closer integration into Robinhood’s crypto wallet.
The expansion comes as Robinhood has already tokenised nearly 500 US stocks and ETFs on Arbitrum as part of its real-world asset strategy, even as fourth-quarter 2025 crypto trading revenue fell 38% to $221 million amid market weakness.
Robinhood reported $1.28 billion in Q4 net revenue, up 27% year on year but below $1.34 billion in analyst expectations, with net income dropping 34% to $605 million despite earnings per share slightly beating forecasts.
The broader tokenized RWA market has grown to about $24.83 billion issued directly onchain, up roughly 10% in a month, while wallets holding tokenised financial products have climbed more than 33% to about 850,558, according to RWA.xyz.
At the time of reporting, Ethereum price was $1,951.79.