Robinhood launches Arbitrum L2 chain with Uniswap at $0.08 ARB, rolls out stock tokens in 120 countries and 7% APY Earn product.

According to @StockMKTNewz, digital brokerage Robinhood (HOOD) is significantly expanding its crypto services by developing its own layer-2 blockchain on Arbitrum (ARB) for tokenized assets and launching tokenized stock trading for European users. The firm also introduced perpetual futures in the EU via its Bitstamp acquisition and crypto staking for Ethereum (ETH) and Solana (SOL) in the U.S. This move taps into the asset tokenization market, which a Ripple and BCG report projects could reach $18.9 trillion by 2033. Despite market choppiness, institutional crypto adoption continues, with JPMorgan filing for a crypto platform and Strategy purchasing over 10,100 BTC. Analysts at BRN note a structural shift towards institutional dominance, maintaining a high-conviction view that prices will grind higher into 2025, with Bitcoin's 50-day simple moving average currently acting as strong technical support.