Robinhood plans to launch Layer 2 blockchain and offer “stock tokens” in the EU
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Planet Daily News: Online brokerage company Robinhood announced that it will allow EU customers to trade U.S. stocks and ETFs on the blockchain, with these assets called "Robinhood Stock Tokens" enjoying zero commissions. Holders will receive dividends within the broker's application. Additionally, Robinhood plans to transfer these tokenized stocks to its own Layer 2 blockchain, which is reportedly "based on Arbitrum" and typically offers faster and more efficient transaction processing. (Fortune)
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