Mentioned:
Robinhood is rolling out their own blockchain. And they’re aiming to use it to build the future of tokenized stocks.
What’s happening:
- Robinhood (NASDAQ: HOOD) has officially launched their own blockchain known as Robinhood Chain
Why it matters:
- Robinhood has publicly stated that Robinhood Chain is purpose built to be able to tokenize stocks, ETFs and other assets for 24/7 global trading
Going deeper:
- Chainlink is the official data and cross-chain oracle of Robinhood Chain and will power the data and cross-chain connectivity required for Robinhood Chain’s tokenized stocks and ETFs
- Robinhood has been making a flurry of moves to deepen their bet on crypto lately, including previously acquiring Canadian crypto company WonderFi for $250M CAD
