Robinhood Announces! Launching Chain Testnet on Arbitrum, Full Scalability of Tokenized Stocks to RWA
Robinhood launches Chain Testnet on Arbitrum, focusing on tokenizing real-world assets, aiming to achieve instant settlement via blockchain technology, break down trading time barriers, and rectify the regrets from the GameStop incident five years ago. Currently, it has piloted 2,000 tokenized stocks in Europe using a derivatives-based model with zero commissions and low entry barriers, leveraging acquired Bitstamp and MiCA licenses to ensure compliance. The core value of Robinhood Chain lies in driving full-scale RWA tokenization, unlocking composability of assets and dissolving global investment barriers, yet it also faces challenges including regulatory vs. decentralization conflicts and legal ambiguities, steadily advancing the integration of traditional finance with Web3.