Robinhood Soars 13% as Europe Unlocks OpenAI & SpaceX Tokenized Stocks on Arbitrum
Robinhood stock hit a record high ($93.63) after launching tokenized shares of OpenAI, SpaceX, and 200+ assets for European users via Arbitrum—enabling 24/7 zero-commission trading and gifting $1.5M in free tokens—while announcing plans to build a dedicated $RWA Layer 2 chain to merge TradFi and DeFi.
TokenBar's Takes
The prolonged slump of altcoins alongside Bitcoin’s dominance reveals a shrinking room for organic innovation within crypto after over a decade of development. Meanwhile, CEX exchanges like Binance perpetuate the cycle by listing low-quality assets through programs like 'Alpha,' bleeding liquidity from the ecosystem. The inward-focused path for crypto has been exhausted. The breakthrough lies in expanding tokens to carry real-world premium assets—transforming crypto from insular frenzy into an omniverse. Only then can it truly reach the cosmos. Robinhood’s move marks a landmark step in this direction.