Robinhood shares rise on launch of new blockchain network

Proactive

Thu, July 2, 2026 astatine 11:43 AM CDT 1 min read

Robinhood Markets Inc (NASDAQ:HOOD) shares roseate astir 4% connected Wednesday pursuing the motorboat of Robinhood Chain, a caller Ethereum-based layer-2 blockchain built utilizing Arbitrum's Orbit exertion and designed to enactment tokenized assets and onchain fiscal products.

The determination marks a important enlargement of Robinhood's crypto strategy, with the institution positioning the web arsenic a instauration for bringing accepted investing products onchain.

Robinhood Chain launches with Chainlink arsenic its authoritative oracle and cross-chain infrastructure provider, integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds from time one.

The integration enables terms information and interoperability services for tokenized real-world assets, including banal tokens specified arsenic Nvidia (NVDA), Alphabet (GOOG), and Apple (AAPL), portion allowing assets to determination crossed aggregate blockchain networks.

Robinhood said the blockchain is intended to supply users with entree to a broader scope of onchain fiscal products, supported by what it describes arsenic institutional-grade infrastructure for information and information reliability.

Chainlink, which powers overmuch of the decentralized concern ecosystem, said the concern reflects increasing adoption of its oracle standards by mainstream fiscal platforms. The company's infrastructure presently secures a ample stock of DeFi enactment and has facilitated trillions of dollars successful transaction value.

"Robinhood Crypto is gathering the instauration for the aboriginal of investing by delivering unafraid entree to each of our fiscal products straight onchain, done Robinhood Chain," said Gaëtan Thabot, Director of Product astatine Robinhood Crypto.

"We chose Chainlink arsenic the oracle supplier for Robinhood Chain due to the fact that its institutional-grade information and reliability are already trusted by the world's largest fiscal institutions to standard onchain ecosystems."