Robinhood Sets Single-Day Record for Tokenized Stock Deployments on Arbitrum
Robinhood's deployer address executed 500 smart contract deployments for tokenized stocks on December 17, marking its largest single-day issuance since launching on Arbitrum in May. The activity brings Robinhood's total tokenized stock contracts to 1,997 on the Ethereum layer-2 network.
Arbitrum has emerged as Robinhood's preferred chain for European tokenized equity offerings. Data from Dune Analytics shows the cumulative value of these assets surged from negligible levels in June to over $10 million by mid-December, with the steepest growth occurring in November and December.
The $1 million threshold was breached in July as Robinhood expanded its offerings, while September saw the tokenized value cross $5 million through sustained minting activity. The deployer's recent activity suggests accelerating institutional adoption of blockchain-based equity products.
