Robinhood has rapidly expanded its tokenization program on the Arbitrum blockchain, deploying 80 new stock tokens in recent days and bringing its total number of tokenized assets close to 500.
According to data compiled by Dune Analytics, Robinhood has now tokenized 493 different assets, with a total market value exceeding $8.5 million.
Cumulative minting volume stands at $19.3 million, while around $11.5 million worth of tokens have been burned — a sign of growing activity and liquidity in the emerging market for blockchain-based asset derivatives.
Stocks represent the bulk of Robinhood’s tokenized offerings, accounting for roughly 70% of all assets.
Exchange-traded funds (ETFs) make up around 24%, while commodities, crypto ETFs, and U.S. Treasurys form a smaller portion of the portfolio.
The latest batch includes Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS), according to research analyst Tom Wan.
“Robinhood EU users now have a wider range of US Stocks, Equities, and ETFs, thanks to Tokenization,” Wan said.
How Robinhood’s Tokens Work
Robinhood’s tokenization initiative operates through its custom-built layer-2 blockchain based on Arbitrum.
Launched in June, the platform allows EU users to trade tokenized versions of U.S. stocks and ETFs as part of the company’s growing real-world asset (RWA) strategy.
The firm clarified that its stock tokens mirror the price movements of listed U.S. securities but do not represent ownership of actual shares.
Instead, these tokens are blockchain-based derivatives, structured and regulated under the EU’s Markets in Financial Instruments Directive II (MiFID II).
The company also promotes the accessibility of its products, offering 24-hour trading, a 0.1% foreign exchange fee, and minimum investment thresholds as low as one euro ($1.17).
Regulatory Scrutiny and Expansion Plans
Despite the innovation, regulators have taken notice.
In July, the Bank of Lithuania — Robinhood’s EU regulator — requested detailed clarification on how the tokenized products are structured.
CEO Vlad Tenev said Robinhood welcomed the review, noting that regulatory engagement was part of the process of expanding compliant financial innovation.
Robinhood’s tokenization efforts coincide with broader crypto expansion moves.
Earlier this year, the brokerage introduced micro futures contracts for Bitcoin (BTC), XRP, and Solana (SOL), giving traders exposure to major cryptocurrencies in smaller denominations.
In May, Robinhood acquired Canadian crypto platform WonderFi for $179 million, marking another step in its international growth strategy.
The company has also urged U.S. regulators to adopt clearer tokenization frameworks, proposing a national standard for real-world asset regulation to the Securities and Exchange Commission.