A brokerage firm, can it disrupt not just the commission system, but the entire underlying architecture of global asset trading? Robinhood seems to have provided its own answer. At the recently concluded Cannes conference, this giant that has stirred up the US securities industry with zero commissions, threw out an imaginative vision: using blockchain and tokenization to comprehensively push stocks, derivatives, and even private equity on-chain, and ultimately build a new Layer2 public chain capable of carrying global real assets - Robinhood Chain.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English. Would you like me to continue translating the entire text?]1. Robinhood Chain Built on Arbitrum
2. Mid-term Switching Between Bitstamp/TradFi Liquidity
3. Long-term Allowing Self-custody and Cross-chain Migration
Notable Details:
1. SpaceX and OpenAI Private Equity Tokens Will Be First Listed, Private Tokens Seen as Key to Breaking High Net Worth Barriers
2. Collaborating with Regulators to Promote Compliant On-chain, Future Open to Developers to Promote RWA Ecosystem
All the products mentioned above will ultimately converge into Robinhood's "Global Chessboard" - Robinhood Chain.
Robinhood Chain, evolved from the Arbitrum technology stack, is positioned by Robinhood as the "first Layer2 public chain dedicated to real assets". It will not only carry Robinhood's tokenized stock trading but also support future tokenization of full-category real assets including real estate, bonds, art, and carbon credits.
At the press conference, Vlad Tenev outlined a "three-stage" plan:
Stage One: After user order, Robinhood's US broker purchases stocks from traditional exchanges and custodies them, Robinhood generates and distributes tokens, ensuring 1:1 correspondence with physical assets
Stage Two: Bitstamp and TradFi liquidity integration, enabling trading even when traditional stock markets are closed (such as weekends and holidays)
Stage Three: Fully unlocking token self-custody and transfer capabilities, allowing users to cross-chain migrate these Robinhood-generated assets to personal wallets or other DeFi protocols
In other words, Robinhood Chain is not just Robinhood's "Layer 2 settlement network", but will also become a public chain ecosystem open to global developers, allowing third-party projects to issue real asset tokens.
This model forms positive competition with the RWA (Real World Assets) strategies recently actively explored by Coinbase and Kraken. The difference is that Robinhood has broker qualifications and starts from US stock tokenization, possessing a complete compliant brokerage chain, enabling faster compliance channels between traditional finance and blockchain compared to pure exchange platforms.
Notably, Robinhood simultaneously announced the immediate issuance of OpenAI and SpaceX private equity tokens at the event. In the future, these tokens can remain liquid through Robinhood Chain even on weekends, not dependent on a single custodian, and allow subsequent free cross-chain usage. This attempt may change the liquidity structure of the entire private investment industry, possessing disruptive potential similar to Robinhood's zero-commission revolution.
In industry observers' view, if Robinhood successfully makes Robinhood Chain the global real asset foundation, not just stocks or futures, but including real estate, art, and even carbon emission indicators could become composable assets in Robinhood users' wallets, which would be a profound reconstruction of the global financial system.
Embryonic Form of On-chain Brokerage
From zero commission to fractional US stock trading, to today's "Robinhood Chain", Robinhood is writing an innovation route with strong continuity: each step targets barriers and inefficient segments in the traditional financial system, significantly lowering entry barriers through technological means.
When tokenization moves from a single Apple stock to a building, a private equity share, or even an artwork, blockchain is no longer just a tool for speculation, but truly embodies the meaning of an "asset internet". Robinhood sees this opportunity and hopes to sprint ahead in the window of gradually clarifying regulations with its user base and brand trust.
Ripple and BCG's report predicts that the global tokenized real asset market could reach $18.9 trillion by 2033. Robinhood clearly doesn't intend to be just a participant, but to become the foundation builder of this market. The declaration at the Cannes conference might serve as a conclusion: "The foundation of global finance in the future is Robinhood Chain."
