Robinhood plans to launch a Layer 2 Blockchain and provide "stock Tokens" in the EU.

Odaily News Robinhood, an online brokerage firm, announced that it will allow EU customers to trade US stocks and ETFs on the blockchain. These assets, referred to as "Robinhood Stock Tokens," will enjoy zero commission, and holders will receive dividends within the broker's application. In addition, Robinhood plans to eventually move these tokenized stocks to its own Layer 2 chain, describing it as "based on Arbitrum." Layer 2 chains are built on top of major blockchains like Ethereum and are generally faster and more efficient.