Robinhood Disrupts Finance Again: Ethereum & Solana Staking Goes Live with Tokenized Stocks
Robinhood just dropped a bombshell—staking for Ethereum and Solana is now live, alongside tokenized stock trading. The retail trading app continues its crusade to democratize finance (or at least make it look that way).
Staking Wars Heat Up
No more sidelining your ETH or SOL—Robinhood now lets users earn yield on two of crypto's biggest assets. Solana's speed and Ethereum's dominance make this a one-two punch for passive income seekers.
Wall Street in Your Wallet
Tokenized stocks land with a whisper, not a bang. Trade fractionalized equities 24/7, because why should markets sleep when your FOMO doesn't?
The Fine Print
Fees? Competitive. Risks? Inherent. Regulatory side-eye? Guaranteed. But since when has that stopped crypto's march toward 'innovation'?
One thing's clear: Robinhood's playing chess while traditional brokers still think checkers is edgy.
Robinhood Launches ETH & SOL Staking in the U.S.
Robinhood has started offering staking services for ethereum (ETH) and Solana (SOL) to users in the United States. Staking allows users to earn rewards by helping secure the blockchain networks. This move is big because other companies like Coinbase and Kraken are being sued by the SEC for offering similar staking services. Despite this, Robinhood is moving ahead, showing confidence in its legal and business strategy.
Robinhood didn’t stop at staking. In Europe, the company has rolled out a range of new products: In Europe, Robinhood has launched several new products. This allows more experienced investors to make bigger bets on crypto prices without expiry dates.
European users can now trade tokenized versions of real U.S. stocks and ETFs, including shares of companies like Apple, Microsoft, and Nvidia. It has launched crypto perpetual futures with 3x leverage, allowing experienced traders to make bigger bets on crypto prices without expiry dates. It has also introduced a Layer 2 blockchain on Arbitrum to support tokenized real-world assets like stocks and property, enabling fast, secure 24/7 trading.
These are digital versions of real stocks traded on a blockchain. European users can access 200+ U.S. stock tokens with zero commissions, 24/5 trading, and dividends. Backed 1:1 by real shares, they’re issued via Arbitrum. Robinhood plans to expand this to thousands of tokens and 24/7 trading by year-end.
Private Company Tokens: OpenAI & SpaceX
One of the biggest surprises is Robinhood’s plan to offer tokens for private companies, starting with OpenAI (Sam Altman’s company) and SpaceX (Elon Musk’s company). This WOULD give regular users the chance to invest in big-name startups before they go public, something usually reserved for wealthy investors.
Following the announcements, Robinhood’s stock hit a record high, gaining nearly 10%. CEO Vlad Tenev said that “Tokenization is going to open the door to a massive trading revolution.” He believes that blending traditional finance (stocks) with blockchain technology will attract a global audience and change the way we trade.
Also Read: Arbitrum Tops Daily Gainers with 20% Rally on Robinhood Listing Buzz