Robinhood Spent Just $5.00 to Deploy 213 Tokenized Stock Contracts on Arbitrum

On July 2nd, according to The Block, Robinhood minted 213 tokens representing U.S. stocks on an Arbitrum-based blockchain for a total gas fee of only $5, laying the foundation for its upcoming tokenized stock trading service in the EU.

It is reported that the transfer of these tokens is currently limited to the whitelist registry, forming a "walled garden" ecosystem. Although these tokenized stocks exist on a public blockchain, this restriction mechanism prevents them from entering the decentralized finance (DeFi) ecosystem. [深潮 TechFlow]