ROBINHOOD TOKENIZES NEARLY 500 US STOCKS, ETFS ON ARBITRUM

Summary from the TLDR Crypto newsletter

Robinhood has deployed 493 tokenized assets worth over $8.5 million on Arbitrum, adding 80 new stock tokens in recent days, including Galaxy, Webull, and Synopsys, with stocks accounting for 70% of tokens and ETFs representing 24%. The tokens are structured as blockchain-based derivatives regulated under the EU's MiFID II rather than representing direct share ownership, offering 24-hour market access, no hidden fees beyond 0.1% FX charges, and a 1 euro minimum investment, though it has drawn scrutiny from Lithuania's banking regulator, who has requested structural clarification.