Key Takeaways:
Robinhood Chain public mainnet is now reside, bringing an AI-native Layer 2 community for DeFi and tokenized property.Along with Robinhood Earn, which supplies an estimated 7% APY, Inventory Tokens have gone reside in 120+ international locations.Robinhood can also be increasing globally, with plans to enter crypto buying and selling within the UK and an AI-driven buying and selling characteristic quickly.
Robinhood Chain is the most recent within the crypto large’s boldest strikes into the trade, with Robinhood introducing its public mainnet alongside a system of DeFi merchandise. The switch displays the corporate’s growing priorities with blockchain infrastructure, tokenized property and AI-powered investing because it strikes deeper into the globe’s crypto markets.
Learn Extra: Robinhood Securities Is Formally Granted Underwriting Permission
Robinhood Chain Goes Dwell With Tokenized Asset Focus
Robinhood Chain is an open supply Layer 2 chain belonging to the Arbitrum stack and for monetary makes use of. The corporate says the community is AI-native and optimized for real-world asset tokenization, whereas offering builders with built-in DeFi options corresponding to lending and borrowing.
The blockchain launched with assist from ecosystem companions together with Alchemy, BitGo, and Chainlink. In the meantime, Uniswap is deploying a devoted automated market maker (AMM) as one of many chain’s major public liquidity venues.
On the similar time, Robinhood launched Inventory Tokens, and has been releasing them in over 120 international locations (the place authorized) in current months and has made them accessible through Robinhood Pockets.
24/7 Buying and selling and DeFi Utility
Conventional inventory buying and selling is not the case; eligible customers are capable of commerce tokenized equities anytime of the day and make the most of them in decentralized finance functions. They are often lent into lending swimming pools or lured onto supported DeFi platforms, as well as corresponding to Uniswap, 1inch, Lighter, Rialto and Arcus, through decentralized buying and selling exchanges.
Robinhood Provides 7% Yield Product and AI Buying and selling
Robinhood additionally launched Robinhood Earn, its first decentralized lending product built-in into the primary Robinhood app for eligible U.S. customers.
It permits USDG to be lent to clients from their very own pockets utilizing an APY of seven% nominal per yr (APY). The lending infrastructure is run by Morpho and insurance coverage protection of cyber and good contract losses is backed by RELM and Lloyd’s of London.
The agency can also be creating and rolling out Agentic Accounts for Crypto, which is able to allow certified U.S. merchants to pair AI fashions that may analyze market knowledge and act on it in a steady method with out utilizing any set parameters.
Learn Extra: Robinhood Chain Testnet Goes Dwell: Ethereum L2 Targets $1M Builders and RWA Growth
International Crypto Growth Continues
Robinhood confirmed it could open up crypto buying and selling in the UK within the close to future, persevering with its worldwide crypto technique.
It added that the corporate has joined its official Canada enlargement with the acquisition of WonderFi, which is offering no buying and selling charges to customers till Sept. 30. Robinhood has obtained a capital markets companies licence from the Financial Authority of Singapore, which is setting the stage for additional plans within the brokerage house in Singapore.
Robinhood at the moment has virtually 2.8 million customers in 38 international locations, positioning itself as a single market for conventional investing, decentralized finance, tokenization, and even AI-driven buying and selling.
