Robinhood’s latest tokenization effort is off to a rousing start with its testnet having already garnered substantial interest from decentralized finance (DeFi) developers.
Robinhood's Testnet Nears 5mn Transactions as Developers Flock to DeFi Network
19 February 2026 - 13:14 CET
Tokenization focus
Robinhood Chain is focused on tokenization and aims to support all types of
onchain assets, including equities, exchange-traded funds (ETFs) and others. Last week, the layer 2 launched its public testnet.
The testnet has already processed almost 5mn transactions with nearly 1mn wallet addresses, according to onchain data. Using Robinhood’s network, users can trade 24/7 and self-custody assets on their Robinhood wallets. Robinhood Chain also has the capacity to bridge across different networks.
Trading volume plunges
The crypto exchange has been pushing for tokenization ever since it launched
onchain versions of US stocks last year. Robinhood Chain, which is built of Arbitrum, is another step by the exchange to grab a piece of the tokenization pie.
The push to bring real-world assets on the blockchain may bring some much-needed revenue to the exchange. Robinhood, along with other listed exchanges, took a big hit this quarter, as reported by Sandmark. Coinbase, Bullish and other trading platforms missed the mark this quarter as the crypto market plunge took its toll on trading volumes.
