Robinhood is no longer a brokerage. That label doesn’t hold. It’s now a full-stack financial operating system with global reach, crypto-native rails, and a roadmap that reads like a fintech manifesto. The rollout this week wasn’t a product update. It was a regime change.
Start with tokenization. Robinhood launched over 200 US stock and ETF tokens in the EU. These are real equities, 1:1 backed, issued on Arbitrum, with dividends paid directly in-app. Trading is live 24 hours a day, five days a week. No commissions. No spreads. The tokens will migrate to Robinhood’s own Layer 2 blockchain later this year. That chain is already in development. It’s built for real-world assets. It’s designed for 24/7 trading, self-custody, and seamless bridging. This is not a testbed. It’s the new base layer.
Private markets are next. Robinhood confirmed it’s working to unlock access to private company shares for retail. SpaceX. OpenAI. Stripe. The names are known. The access isn’t. That’s the point. The CEO called the current system “crazy” and said the tech is ready. What’s missing is regulatory clearance. The company is lobbying for it. The infrastructure is already built.
USDG is coming. That’s the stablecoin. It’s backed 1:1 by dollars and issued by Paxos out of Singapore. Robinhood is a founding member of the Global Dollar Network. The model is different. 97% of reserve income flows back to network participants. That’s not a typo. That’s the design. The reserve is held at DBS Bank. The compliance framework is MAS-aligned. This isn’t a marketing coin. It’s a revenue-sharing instrument with institutional backing.
Crypto access in the EU just expanded to 31 countries. That includes staking, perpetual futures, and tokenized equities. Perps are routed through Bitstamp. Up to 3x leverage. ETH and SOL staking is now live in the US. That’s a direct challenge to Coinbase and Kraken. The SEC has already backed off staking enforcement. Robinhood is moving in.
The product suite is now vertical. Stocks. Crypto. Futures. Retirement. Mortgages. Debit. Credit. Advisory. Subscriptions. Advanced trading software. All of it is live or rolling out. The app is no longer a frontend. It’s a financial OS. The margins on this stack are going to scale with usage, not headcount. That’s the leverage.
Sources
https://finance.yahoo.com/news/robinhood-plans-launch-own-blockchain-150000832.html
https://beincrypto.com/robinhood-crypto-staking-tokenized-stocks-ethcc-2025
https://blockonomi.com/robinhood-launches-eth-and-sol-staking-in-u-s-testing-sec-boundaries