Built on Arbitrum, the new layer-2 network will enable the issuance of over 200 US stock and exchange-traded fund (ETF) tokens, giving European investors access to US assets, Robinhood announced this week.
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Robinhood launches layer-2 blockchain for stock trading in Europe
The RWA market has grown significantly over the past year, eclipsing $24 billion as of June, according to a recent RedStone report. However, much of its growth has been driven by private credit and US Treasury debt, with tokenized stocks accounting for less than $400 million.
