According to two people with direct insight into the initiative, the American financial service provider Robinhood would prepare the rollout of his own blockchain. Sources noted that both arbitrum and Solana have been evaluated and potential partners in the development of the project.
Robinhood -Plots Fat Printed Blockchain -PRONG
Just like his counterparts in the financial atmosphere of Digital Asset, Robinhood is said to develop its own blockchain network that is designed to enable European customers to tradate US shares, according to a Bloomberg report, which cited two people with knowledge of the alleged project. Muyao Shen from Bloomberg noted that Robinhood Market Inc. Another statement about this issue must issue.
Shen reported that sources claim that both the Ethereum layer two (L2) solution arbitrum and the Layer One (L1) Network Solana have been evaluated as potential employees. The insiders expect that the blockchain initiative of Robinhood in combination will be launched with a ‘digital-asset company’ partner. Shen also said that, according to a person ‘with direct knowledge’, negotiations remain active and no formal agreement has been reached.
Robinhood’s reported blockchain initiative surfaces in the midst of a broader movement, because several of his colleagues have already introduced their own chains. Coinbase, based in San Francisco, rolled out his basic chain, while colleague Bay Area company Kraken revealed a network named Ink. In the meantime, Robinhood placed striking results in the first quarter of 2025, with a record setting financial data and meaningful expansion in its business segments.
The total net turnover increased by 50% on an annual basis to $ 927 million, propelled by an increase of 77% in transaction-based profit, which reached $ 583 million. The company’s crypto division played a central role in the quarter, with cryptocurrency transaction income that double up to $ 252 million compared to the previous year-for more than 43% of the total transaction-based income from the platform.
Credit : cryptonews.net
