Robinhood’s new Ethereum layer-2 network processed 4 million transactions in its first public testnet week, according to CEO Vlad Tenev. The network, built for tokenized real-world assets and financial services, is set for a mainnet launch later this year. This expansion occurs as the overall tokenized RWA market grows, now valued at approximately $24.83 billion on-chain.
Robinhood Chain processed 4 million transactions during its first week of public testnet activity. CEO Vlad Tenev stated that developers have begun experimenting with applications on the Ethereum layer-2 network. “The next chapter of finance runs onchain,” he wrote in a post.
The trading platform launched the testnet last week as an Ethereum layer 2 built using Arbitrum technology. It followed about six months of private testing for financial applications.
The chain is designed to support tokenized equities, ETFs, and other traditional financial instruments. Its infrastructure partners include Alchemy, LayerZero, and Chainlink.
A mainnet launch for Robinhood Chain is planned later this year. The testnet will host experimental assets, including stock-style tokens.
The company has already tokenized nearly 500 US stocks and ETFs on Arbitrum. This move is part of a wider real-world asset strategy as Robinhood expands beyond trading.
Robinhood reported $1.28 billion in Q4 2025 net revenue, a 27% year-on-year increase but below analyst expectations. Revenue from cryptocurrency trading fell 38% to $221 million after a market downturn.
The tokenized RWA market now holds about $24.83 billion in assets issued on-chain. Data from RWA.xyz shows this represents a 10% increase over the past month.
Wallets holding tokenized financial products have reached about 850,558. This figure is up more than 33% in the last 30 days.
