According to a new Bloomberg report, Robinhood Markets Inc. is developing a blockchain-based platform that would enable European investors to trade tokenised U.S. stocks.

The company is in discussions with digital asset firms to support the infrastructure, with Arbitrum (ARB) and Solana (SOL) being considered blockchain layers for the initiative. While the talks are still ongoing, no formal agreements have been finalised. Robinhood and the blockchain entities declined to comment.

Tokenized Securities Gain Momentum Globally

Tokenized securities—digital representations of traditional assets such as stocks or bonds—are gaining popularity as financial institutions explore more efficient, transparent trading infrastructure.

According to the Global Financial Markets Association, using distributed ledger technology for clearing and settlement could save financial firms up to $20 billion annually by reducing middlemen and streamlining back-end systems.

Robinhood Expands Its European Footprint

This initiative follows Robinhood’s strategic push into Europe. In April, the company received a brokerage license in Lithuania, granting it passporting rights across the EU investment services market.

In a major move, Robinhood also announced plans to acquire crypto exchange Bitstamp, a deal that could expand its offering into crypto-linked derivatives via Bitstamp’s multilateral trading facility (MTF) license.

Wall Street Giants Race Toward Tokenization

Robinhood’s plans place it alongside major financial institutions embracing tokenization. BlackRock, Franklin Templeton, and Apollo have all launched or tested blockchain-based financial products.

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BlackRock’s tokenized fund BUIDL has already attracted more than $2 billion in assets since launching in 2023, reinforcing the growing confidence among institutional players in tokenized finance.