Robinhood has launched the public mainnet of Robinhood Chain, a Layer 2 blockchain built using the Arbitrum platform, as the brokerage expands deeper into onchain finance, tokenized assets, decentralized lending and advanced trading products across global markets.

The company said Robinhood Chain is built to institutional standards and connected to Robinhood’s onchain users, giving developers a new environment to build applications around real-world assets, DeFi and AI-native financial tools.

The network is launching with several day-one partners. Uniswap is deploying a dedicated automated market maker to serve as a primary public liquidity protocol, while Pleiades is deploying a proprietary AMM intended to serve as a primary proprietary trading venue.

Robinhood said the chain will also include integrations with infrastructure providers including Alchemy, BitGo and Chainlink. The company said the network features fast block times and out-of-the-box DeFi primitives, including lending and borrowing.

The mainnet launch is part of a wider product rollout that includes new stock tokens, a decentralized lending product called Robinhood Earn, perpetual futures in Robinhood Wallet, expanded European derivatives access, crypto expansion into new markets and planned AI-powered crypto trading tools in the US.

Robinhood said its new Stock Tokens are available through Robinhood Wallet in more than 120 countries, subject to local eligibility and jurisdictional limits. The tokens are designed to allow eligible users to trade tokenized stock exposure directly on Robinhood Chain, including around-the-clock access and use across DeFi applications.

The company said users may be able to deploy stock tokens into lending pools or use them as collateral across the broader DeFi ecosystem. Spot trading will be accessible for eligible Robinhood Wallet users through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus and 1Inch.

Robinhood said its first generation of stock tokens, now called Classic Stock Tokens, will remain available inside the Robinhood Europe app.

The rollout also includes Robinhood Earn, a decentralized lending product being introduced to eligible US users through the main Robinhood app. Robinhood Earn allows users to lend dollar-backed USDG through a self-custody wallet at an estimated 7% APY.

The company said insurance has been procured through Lloyd’s of London and RELM to protect covered losses in the event of cyber or smart contract exploits. The lending infrastructure is powered by Morpho, with support from partners including Steakhouse, Ethena, Spark and Maple.

Robinhood is also adding native Robinhood Chain integrations to Robinhood Wallet. Eligible users in selected jurisdictions can now access perpetual futures on Lighter, a decentralized exchange, directly inside the wallet.

Lighter has committed $11 million worth of LIT tokens to the Robinhood community. Eligible users can earn points on perpetual futures trades, with 2x points when trading through Robinhood Wallet and 1x when trading on Lighter’s web application. Those points convert into LIT from the pool, subject to Lighter’s terms.

The company is also widening its perpetual futures offering in Europe. After expanding its European footprint to 30 countries last year, Robinhood said crypto perpetuals became one of its fastest-growing products in the region.

Until now, perpetual futures on Robinhood in Europe were limited to crypto. The company is now rolling out commodity, ETF and FX perpetual futures to eligible European investors.

The new instruments include gold, silver, QQQ, EUR/USD, WTI, Brent crude oil and EWY. Eligible users can trade these products with up to 10x leverage, giving European customers access to a broader range of advanced derivatives through one platform.

The expanded perpetual futures products are being rolled out in waves.

Robinhood is also introducing maker order types for eligible crypto traders in the US, allowing advanced traders to provide liquidity on the platform. The company said the new fee structure can go as low as 0%, depending on trading volumes.

The product rollout comes as Robinhood continues its international expansion. The company said it now serves nearly 28 million customers across 38 countries and 3 continents.

In the UK, Robinhood said it plans to launch crypto trading soon, strengthening its position as an all-in-one investing platform for UK traders.

In Canada, Robinhood said it is now officially available to Canadian residents following its acquisition of WonderFi. The company said Canadian customers will receive zero trading fees until September 30 as part of the launch.

Robinhood also said its Singapore business has received a capital markets services licence from the Monetary Authority of Singapore, a step toward offering brokerage services in the country in the future.

The company is also expanding its AI trading tools. After launching Agentic Trading for equities and options in the US last month, Robinhood said it is preparing to roll out Agentic Accounts for crypto.

The product will allow eligible US traders to connect an AI model of their choice to Robinhood data sources and tools through the company’s Trading MCP. Robinhood said users will remain in control by deciding how much capital to allocate and setting safety guardrails.

Agentic Trading for Crypto is expected to begin rolling out soon to eligible US traders at no additional cost.

Robinhood Is Not Just Launching a Chain. It Is Trying to Rebuild the Brokerage Around Onchain Leverage

This is not a small product update.

Robinhood just dropped a full-stack onchain roadmap: its own Layer 2, stock tokens, DeFi lending, perpetual futures, wallet integrations, AI trading agents, global expansion and tokenized collateral.

That is not “crypto support.”

That is Robinhood trying to become the consumer front end for onchain markets before someone else does it first.

And honestly, the ambition is obvious.

Robinhood does not want to be the app where users buy Bitcoin and check NVIDIA. It wants to be the place where stocks, stablecoins, perps, tokenized assets and AI-driven execution all sit in one account experience.

That is a much bigger swing.

The chain matters because it gives Robinhood its own settlement environment. Not just an app layer. Not just a custody interface. A full execution and liquidity base where it can route users into tokenized assets, AMMs, lending pools and collateral markets.

That is the real game.

Stock Tokens are the hook.

A user sees “24/7 stock exposure” and thinks convenience. But under the hood, the bigger idea is composability. A tokenized stock can trade, sit in a wallet, move into a lending pool, become collateral and plug into DeFi rails.

That is where the product gets dangerous and interesting at the same time.

Because once stock tokens become collateral, Robinhood is no longer just talking about access. It is talking about leverage loops.

Hold a stock token.
Borrow against it.
Trade perps.
Move collateral.
Earn yield.
Repeat.

That is powerful.

It is also where retail can get cooked if the guardrails are weak.

I like the infrastructure angle. I’m more cautious about the user behavior it may create.

The Earn product says a lot. Estimated 7% APY on USDG through a self-custody wallet, with Morpho underneath and insurance coverage for covered cyber or smart contract losses.

That is Robinhood bringing DeFi yield into the main app without making it look like DeFi.

Clean interface.
Stablecoin lending.
Insurance wrapper.
Recognizable brand.

This is how DeFi reaches normies. Not through weird Discord channels. Through brokerage apps that hide the plumbing.

But yield always has a source.

That is the part users need to understand. A 7% APY is not magic. It comes from lending demand, collateral markets, protocol design and risk assumptions. Insurance helps, but it does not erase risk. It narrows specific risk buckets.

The market will probably love the simplicity.

The risk team should be sweating.

Then there is the perpetuals push.

Robinhood expanding from crypto perps into commodities, ETFs and FX perps in Europe is a big tell. It sees demand for 24/7 leveraged trading outside the US regulatory structure.

Gold. Silver. QQQ. EUR/USD. Oil. Up to 10x leverage.

That is not a passive-investing product. That is a high-velocity trader product.

And it fits the broader strategy: make Robinhood the app where retail does everything from simple stock exposure to leveraged global macro trades.

One app. Many risk layers.

Great for engagement.

Messy for suitability.

The Lighter integration inside Robinhood Wallet adds another angle. It is not just giving users access to a DEX. It is tying activity to token incentives. Trade through Robinhood Wallet, earn 2x points. Trade through Lighter directly, earn 1x.

That is user acquisition dressed as community rewards.

Crypto natives know the playbook. Incentives drive volume. Volume improves optics. Better optics attract more liquidity. More liquidity attracts more users.

But points campaigns can also create mercenary flow.

Users show up for the airdrop, farm the system, then vanish.

The test is whether Robinhood Wallet users keep trading after the LIT incentives stop mattering.

The AI trading part may be the most explosive.

Agentic Accounts for crypto sounds clean in the announcement: users connect an AI model to Robinhood data and tools, set capital limits, define guardrails, and the agent scans markets and executes strategies.

In practice?

That is retail algorithmic trading with a consumer wrapper.

I see the appeal immediately. Crypto trades 24/7. Humans sleep. Agents do not. If the agent can monitor data, detect setups and execute within limits, users get something that used to feel institutional.

But this can go sideways fast.

Bad model.
Bad signal.
Overfitting.
Whipsaw markets.
Prompt injection.
Garbage strategy dressed up as automation.
User sets loose guardrails and gets nuked while thinking the AI “knows what it’s doing.”

That last part is the danger.

Retail traders already overtrust indicators. Now imagine them overtrusting an agent.

Robinhood says humans remain in control. Good. But control depends on whether users understand the guardrails they set.

Most won’t.

That does not mean the product is bad. It means the UX has to be brutally clear. Max loss. Position size. approved assets. execution limits. cooldowns. emergency stops.

No vague safety language.

Real controls.

The global expansion piece matters too. Canada after WonderFi. UK crypto soon. Singapore licence. Europe perps. 38 countries. 28 million customers.

Robinhood is not building this only for the US.

That is important because the US remains complicated for crypto, perps and tokenized securities. Europe and other markets may give Robinhood more room to move first, learn fast and bring pieces back where allowed.

The strategy feels like regulatory arbitrage, but in the normal fintech sense: launch products where rules allow, keep expanding the stack, then adapt by jurisdiction.

That is how global trading apps scale.

What I would watch now is liquidity quality on Robinhood Chain.

Launching a chain is easy compared with making it useful.

Day-one names help. Uniswap gives public liquidity credibility. Pleiades gives prop trading infrastructure. Chainlink helps with data. BitGo and Alchemy help the institutional and developer pitch.

Still, users do not care about logos forever.

They care about spreads, depth, uptime, execution, withdrawals and whether the system breaks when volatility spikes.

That is where chains earn trust.

The stock-token angle also raises the biggest long-term question: what exactly do users think they own?

Tokenized stock exposure can be useful. But users need clear rights, redemption rules, custody structure, issuer obligations, trading limitations and jurisdictional restrictions.

This cannot be fuzzy.

If someone buys a stock token at 2 a.m., uses it as collateral, then gets liquidated during a thin-liquidity move, the app better make the risk obvious before the trade.

Otherwise, this becomes another retail blowback cycle.

My read: Robinhood is making the right strategic move, but the risk surface is huge.

It wants to merge brokerage, crypto wallet, DeFi venue, derivatives platform and AI execution layer.

That stack is powerful.

It is also combustible.

The upside is obvious: Robinhood becomes the default gateway for tokenized markets.

The downside is also obvious: one bad exploit, one ugly liquidation cascade, one misunderstood AI trading loss, one stock-token controversy, and regulators start circling hard.

This is why the “institutional standards” line matters. Robinhood knows it cannot launch this like a random DeFi project. The user base is too large. The brand is too visible. The products are too close to regulated financial markets.

Crypto-native users tolerate chaos.

Mainstream brokerage users do not.

That is the real test.

Can Robinhood make onchain finance feel powerful without making it feel reckless?

If yes, this is a major step toward tokenized retail markets.

If no, it becomes another case study in giving retail too much leverage with too little context.

Right now, I’d call this Robinhood’s biggest crypto swing yet.

Not because it launched a chain.

Because it is trying to make the chain invisible.