Robinhood hopes to deploy its mainnet later this year. Right now, the testnet is hosting experimental assets, such as stock-style tokens.
According to CEO Vlad Tenev, Robinhood’s Ethereum layer-2 network handled 4 million transactions in its first week of public testnet activity.
Tenev wrote to X on Thursday that developers have started testing apps on the L2 network, which is made for tokenised real-world assets (RWAs) and blockchain-based financial services. He wrote, “The next chapter of finance runs onchain.”
Last week, the trading platform released the Robinhood Chain testnet. It is an Ethereum layer 2 built on Arbitrum technology. After around six months of private testing, the launch took place. It is meant to be a high-throughput environment for financial applications.
The startup aims to integrate the chain with tokenised stocks, exchange-traded funds (ETFs), and other conventional financial instruments. Alchemy, LayerZero, and Chainlink are some of the infrastructure partners. Robinhood expects to launch its mainnet this year.
Mainnet launch expected later this year
Robinhood Chain is going to launch its mainnet later this year. In the meanwhile, the testnet will have experimental assets, like stock-style tokens and better links with the company’s crypto wallet.
Robinhood is making this move as it grows its crypto business beyond trading. As part of a larger plan to tokenise real-world assets, the company has already tokenised about 500 US stocks and ETFs on Arbitrum.
Robinhood’s net revenue for the fourth quarter of 2025 was $1.28 billion, which was a 27% rise from the previous year but less than analysts’ projections of $1.34 billion. This was because crypto income fell. After the market plummeted in October, revenue from trading cryptocurrencies fell 38% to $221 million. This led to a 34% drop in net income to $605 million, even if earnings per share were somewhat higher than expected.
Tokenised RWA market continues to expand
According to RWA.xyz, the tokenised RWA market is still growing. There are now roughly $24.83 billion in assets released directly on-chain, which is nearly 10% more than last month. The entire value of all digitally represented assets is currently roughly $372.97 billion. The number of wallets holding tokenised financial goods has grown by more than 33% in the last 30 days, reaching about 850,558.
Stablecoins, on the other hand, are worth $296.69 billion and are used by 236 million people. The total value of stablecoins went down a little over the month, but the number of people who own them kept going up.