Robinhood has tokenized 493 assets on the Arbitrum blockchain, with a total value exceeding $8.5 million. The mint volume has surpassed $19.3 million, offset by around $11.5 million in burning activity. Stocks make up nearly 70% of deployed tokens, followed by ETFs at 24%. Galaxy (GLXY) and Webull (BULL) are among the latest tokenized assets.

In June, Robinhood launched a tokenization-focused blockchain on Arbitrum, allowing EU users to trade tokenized US stocks and ETFs. The stock tokens mirror prices of US securities, acting as blockchain-based derivatives. The rollout has faced scrutiny, with the Bank of Lithuania requesting clarification on token structure.

Robinhood expanded its crypto offerings with micro futures contracts for Bitcoin, XRP, and Solana. The firm acquired Canadian crypto platform WonderFi in a $179 million deal. Robinhood is advocating for clearer tokenization regulations in the US, submitting a proposal to the SEC for a unified national framework governing RWAs.

Read more at Cointelegraph: Robinhood Expands Tokenization to Nearly 500 US Stocks, ETFs on Arbitrum