Robinhood has deployed 213 stock Tokens on Arbitrum at a deployment cost of only 5 dollars.

According to the Gate News bot, a screenshot shared by Tom Wan, the data head of Entropy Advisors, shows that Robinhood has completed the deployment of 213 stock tokens on the Arbitrum network by tracking the contract deployment addresses. The data indicates that the total cost for this large-scale deployment was $5 (approximately 0.00233 ETH), with an average cost of $0.03 per deployment.

Previously, Robinhood announced plans to launch its own blockchain and to introduce "stock tokens" in the EU market.

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