HUGE
@DavidSacks @davidsacks47 and @BoHines, we need to see this in the United States.
@coinbase & @RobinhoodApp are in a race for supremacy and I believe core stock holdings moving forward.
@vladtenev I know a situation you and @RobinhoodApp could help involving @linqtoinc and we could take your tokenized private equity platform, assimilate Linqto SPV shares of private equity (@Ripple, @krakenfx, @SpaceX, etc), and fulfill the Linqto vision, making 13-14,000 investors whole.
Hit me up 🤙
robinhood just executed the most aggressive tradfi-to-crypto infrastructure play we've seen
launched 213 tokenized stocks/etfs on arbitrum for eu customers. 24/7 trading at $0.03 per transaction. 1,105 tps with 16-minute finality
but here's the real move: they're building "robinhood chain" - their own l2 on arbitrum orbit
ceo vlad tenev said they avoided solana due to mev concerns. wanted to be "a landlord, not a tenant" with full validator control
the strategy is two-phase:
• start on arbitrum one for liquidity
• migrate to proprietary chain for enhanced revenue capture
• 10% of sequencer profits flow to arbitrum dao
technical implementation hides all crypto complexity. no rpcs, no wallets. first major fintech using l2 as core backend without visible crypto interface
they're also offering private company tokens (openai, spacex shares) offshore, basically daring regulators to stop them
$255b in assets makes this not just another rwa startup. this is demand-side infrastructure with kyc/aml creating walled garden that prevents defi integration initially
if this works, expect every major fintech to follow
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