Robinhood has significantly expanded its tokenization initiative on the Arbitrum blockchain, now offering 493 tokenized assets with a total value exceeding $8.5 million. According to data from Dune Analytics, the platform added around 80 new tokens in recent days, increasing the variety and trading activity.
The total mint volume has reached $19.3 million, while burning activity stands at approximately $11.5 million, indicating active circulation and redemption by users. Approximately 70% of the tokens represent US stocks, 24% are ETFs, and the rest include commodities, crypto-related ETFs, and US Treasurys. New listings feature companies such as Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS).
Research analyst Tom Wan emphasized, "Robinhood EU users now have a wider range of US stocks, equities, and ETFs, thanks to tokenization." Robinhood launched this tokenization-focused Layer 2 blockchain on Arbitrum in June as part of its real-world asset expansion. The tokens mirror the market prices of underlying securities but operate as blockchain-based derivatives under the EU's MiFID II framework, not direct ownership.
This structure enables 24-hour trading with investments starting from 1 euro and no hidden fees except for a 0.1% foreign exchange charge. However, the program has drawn regulatory scrutiny; in July, the Bank of Lithuania requested clarification on the token structure and compliance. Robinhood CEO Vlad Tenev stated the company "welcomes the review" and aims for full transparency with regulators.
The expansion is part of Robinhood's broader crypto initiatives, including micro futures for Bitcoin, XRP, and Solana, and the $179 million acquisition of WonderFi. The company has also proposed a unified regulatory framework to the SEC for real-world asset trading, advocating for clearer rules to foster innovation and investor protection.
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