Vlad Tenev launches Ethereum Layer 2 for real-world assets
@vladtenev: Vlad Tenev launches Ethereum Layer 2
Robinhood CEO Vlad Tenev has announced the launch of The Robinhood Chain, the first Ethereum Layer 2 network optimized for real-world assets. This development, in collaboration with Arbitrum, aims to facilitate seamless trading of assets without the reliance on traditional brokers.
Tenev points out the platform's ability to handle transactions from public to private, and ultimately on a global scale, allowing users to trade assets in seconds. This move into the decentralized finance space is seen as a strategic effort to simplify and revolutionize asset trading through blockchain technology.
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Robinhood’s entry into decentralized finance builds on CEO Vlad Tenev’s recent initiatives to diversify the company’s offerings, such as the introduction of a mortgage benefit for Robinhood Gold users and enhancements to its platform with advanced trade visualization tools. As Robinhood continues to expand its ecosystem, these strategic moves underscore its commitment to redefining access to both digital and traditional assets.
In the previous news, tweet author Vlad Tenev discussed Robinhood's expansion into retirement savings.
