Robinhood announced its mainnet, built on Ethereum Layer 2, via a keynote in London, involving a Jersey-based entity issuing stock tokens.
1 report, 1 independent
Updated Jul 1
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What happened
Robinhood announced its mainnet, built on Ethereum Layer 2, via a keynote in London, involving a Jersey-based entity issuing stock tokens.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Adam Aron pushed back against Robinhood's tokenization model, which utilizes a Jersey-based subsidiary and is built on Ethereum Layer 2.Sub-event
Robinhood announced mainnet on Ethereum L2, with stock tokens issued by a Jersey entity, during a London keynote.1 source
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The entities involved
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Ethereum
public blockchain platform with programmable transaction functionality
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Robinhood
American financial services company
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Jersey
British Crown dependency in the Channel Islands
Related events
- Robinhood is expanding its own Layer-2 network on Ethereum.
- Coinbase and Robinhood are expanding their offerings, with Robinhood's blockchain development stemming from Coinbase's strategic moves.
- Robinhood began utilizing tokenized equities on a blockchain platform.
- Robinhood tokenized AMC stock, leading to controversy, as Adam Aron criticized the practice while Robinhood utilized a Jersey offshore unit.
- Robinhood is aggressively expanding its operations into Europe and Singapore, leveraging regulatory approvals to enter IPO underwriting and distribute shares of companies like SpaceX.