Robinhood launched its own Ethereum L2 chain, tokenized NVDA and AAPL shares, and 7% DeFi lending. HOOD shares rose nearly 4% as investors weighed the revenue shift from trading to lending.
Robinhood Markets (HOOD) shares rose nearly 4% on July 3 after the company launched its own blockchain and a suite of decentralized finance products at a London event two days earlier.
Robinhood Chain, built on Arbitrum Orbit as an Ethereum Layer-2 network, went live as a public mainnet. The company also introduced tokenized stock products including NVDA and Apple shares, available through Robinhood Wallet in over 120 countries. That allows 24/7 trading of those equities, outside traditional exchange hours.
Robinhood Earn offers decentralized stablecoin lending with yields up to 7% APY. The company also launched crypto perpetual futures and what it called “agentic AI” trading tools.
The push into lending and tokenized assets follows a 47% drop in Q1 2026 crypto trading revenue to $134 million. Trading volumes across the crypto market declined, hitting Robinhood’s transaction-based model.
Lending generates recurring income that does not depend on daily trading volumes. Robinhood’s presentation framed the stablecoin product as a way to attract sticky capital, unlike the volatile swings of transaction revenue.
Tokenized stocks that trade 24/7 globally sit in a regulatory area that US, EU, and Asian authorities have not fully defined. A ruling against the structure could limit how large the product can grow. Major institutions have explored similar products for institutional clients. Robinhood is targeting retail users directly.
AlphaScala’s Alpha Score rates HOOD at 50/100, reflecting a mixed outlook as the company shifts toward blockchain products while its core crypto revenue declines. Robinhood’s next quarterly earnings report, due in early August, will provide the first look at user engagement with the new products.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.