Ethereum Layer 2 Testnet Launches on Robinhood

Robinhood Launches Public Testnet for Ethereum Layer 2 Blockchain

• Robinhood has activated its public testnet for Robinhood Chain, a new Ethereum layer 2 network.
• The chain is powered by Arbitrum technology, facilitating onchain financial infrastructure.
• Johann Kerbrat stated the testnet will support tokenized real-world assets (RWAs) and deeper integration with DeFi.
• The network supports tokenized equities, ETFs, and private assets for onchain trading and self-custody.
• Infrastructure providers like Alchemy, Allium, and Chainlink are integrating with the chain ahead of the mainnet launch later this year.

The activation of Robinhood’s testnet marks a significant step in expanding digital asset capabilities through an Ethereum layer 2 network. The initiative aims to enhance accessibility and integration with DeFi while supporting tokenized asset trading onchain.