Robinhood has unveiled the public mainnet of its blockchain, known as Robinhood Chain, marking a significant step in its push into decentralized finance. The new network operates as a layer 2 (L2) solution built on Arbitrum, designed to support real-world assets with an AI-native architecture. This launch follows multiple months of testing since its initial testnet release earlier this year.
The company also announced an upcoming rollout of cryptocurrency trading services for UK residents, expanding its digital asset offering beyond the United States. Additionally, Robinhood has made tokenized stock products available through its wallet app to users across more than 120 countries, reflecting its commitment to broadening access to innovative financial instruments.
Robinhood CEO Vlad Tenev has described tokenized stocks as an inevitable evolution, emphasizing their potential to reduce trading halts commonly seen on traditional exchanges. Alongside these developments, the platform introduced Robinhood Earn, a decentralized lending product that enables users to lend USDG, a dollar-backed stablecoin, via self-custody wallets, offering an estimated 7% annual yield.
These strategic moves come amid a corporate restructuring that includes a workforce reduction of approximately 10%, announced shortly before the mainnet launch. The company’s crypto transaction revenue notably declined year-on-year, a challenge reflected in recent financial reports. It is expected to release its second-quarter 2026 results in late July.
Robinhood Chain enters a competitive L2 environment dominated by leading networks such as Base, the Coinbase-backed blockchain. Base recently faced technical setbacks with consecutive outages attributed to a sequencer bug, highlighting ongoing challenges in network stability. Despite this, Base remains the second-largest L2 by total value secured, underscoring the growing importance of layer 2 solutions in the blockchain ecosystem.
Following the mainnet announcement, Robinhood’s shares increased by around 8%, signaling investor optimism toward its blockchain ambitions and expanded crypto services.