Robinhood, the prominent retail trading platform, has officially announced the launch of an Ethereum layer-2 (L2) testnet specifically designed for the issuance and management of tokenized real-world assets (RWAs). This initiative represents a strategic expansion of Robinhood’s blockchain capabilities, aimed at providing a high-performance, low-cost environment for the digital representation of traditional financial instruments such as bonds, gold, and real estate. By utilizing layer-2 technology, Robinhood intends to offer faster transaction speeds and significantly lower fees compared to the Ethereum mainnet, addressing the scalability issues that have previously hindered the mass adoption of on-chain assets. This development is expected to foster greater institutional interest in decentralized finance (DeFi) by bridging the gap between traditional brokerage services and the burgeoning tokenization market.
Source: Robinhood launches Ethereum layer-2 testnet for tokenized assets
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