Robinhood Plots Bold Blockchain Leap
Much like its counterparts in the digital asset financial sphere, Robinhood is reportedly developing a proprietary blockchain network designed to enable European clients to trade U.S. equities, according to a Bloomberg report, which cited two individuals with knowledge of the alleged project. Bloomberg’s Muyao Shen noted that Robinhood Markets Inc. has yet to issue a statement on the matter.
Shen reported that sources allege both the Ethereum layer two ( L2) solution Arbitrum and the layer one (L1) network Solana have been evaluated as prospective collaborators. The insiders anticipate that Robinhood’s blockchain initiative will launch in tandem with a “digital-asset firm” partner. Shen also mentioned that, according to one person “with direct knowledge,” negotiations remain active and no formal agreement has been reached.
Robinhood’s reported blockchain initiative surfaces amid a broader movement, as several of its peers have already introduced proprietary chains. Coinbase, based in San Francisco, rolled out its Base chain, while fellow Bay Area firm Kraken unveiled a network named Ink. Robinhood, meanwhile, posted standout results in the first quarter of 2025, notching record-setting financials and meaningful expansion across its business segments.
Total net revenues climbed 50% year-over-year to $927 million, propelled by a 77% rise in transaction-based earnings, which hit $583 million. The firm’s crypto division played a central role in the quarter, with cryptocurrency transaction revenues doubling to $252 million compared to the prior year—accounting for over 43% of the platform’s overall transaction-based income.
