Robinhood Chain Public Testnet Officially Launches: An L2 Prepared for Compliance and RWA
- Core Viewpoint: Robinhood has officially launched the public testnet for its Ethereum Layer 2 network, Robinhood Chain, built on Arbitrum technology. It aims to provide infrastructure for the tokenization of real-world assets (RWA) and digital assets, accelerating the development of on-chain financial services.
- Key Elements:
- The network is positioned as an Ethereum Layer 2, built on the Arbitrum tech stack, emphasizing reliability, security, and compliance, with support for 7x24 trading and self-custody.
- The testnet is now live, providing developers with network access, official documentation, and an Ethereum-compatible development environment to support early application building and testing.
- It has a clear focus on real-world asset (RWA) tokenization, with target use cases including tokenized asset platforms, lending protocols, and perpetual contract exchanges.
- It has secured integrations with multiple infrastructure service providers and offers developers test assets (including tokenized stocks) and testing capabilities for integration with Robinhood Wallet.
- The official statement indicates this move aims to connect with the DeFi liquidity of the Ethereum ecosystem, with plans to launch the mainnet later this year.
We are excited to announce the official launch of the Robinhood Chain Public Testnet.
This is an Ethereum Layer 2 network built on Arbitrum technology, designed to accelerate the development of on-chain financial services, with a focus on the tokenization of both real-world assets and digital assets. With the testnet now live, developers can begin building on the core infrastructure of Robinhood Chain, exploring its potential and possibilities ahead of the future mainnet launch.
The focus of this phase is to provide developers with the underlying infrastructure to start building and validating applications on Robinhood Chain. Currently, multiple infrastructure service providers are in the process of integrating with Robinhood Chain, with more partners expected to join during the early stages of the testnet. We look forward to connecting with more developers, partners, and institutions before the mainnet launch later this year.
Johann Kerbrat, Senior Vice President and General Manager of Crypto and International Business at Robinhood, stated: "The Robinhood Chain testnet lays the groundwork for an ecosystem for the tokenized future of real-world assets and gives developers access to DeFi liquidity within the Ethereum ecosystem. We look forward to building alongside our infrastructure partners to truly bring financial services on-chain."
Currently Available Features on the Public Testnet
With this launch, participants will have access to the following resources:
- Network endpoints to connect to the Robinhood Chain testnet
- Official developer documentation (https://docs.robinhood.com/chain)
- A development environment based on Arbitrum technology, compatible with standard Ethereum development tools
- Early-stage infrastructure support from ecosystem partners
The goal of the testnet is to support early experimentation, identify potential issues, improve network stability, and provide a solid foundation for developers ahead of the mainnet launch.
Development Focus and Product Positioning
Robinhood Chain leverages Robinhood's years of infrastructure and operational experience and is built on Arbitrum technology, with reliability, security, and compliance as core design considerations from the outset. The network supports 24/7 trading, seamless cross-chain bridging, and self-custody, while offering the scalability and customizability required to build financial-grade decentralized products. Use cases include tokenized asset platforms, lending protocols, and perpetual contract exchanges, among others.
In the coming months, teams building on Robinhood Chain will also gain access to the following capabilities and resources:
- Testnet-only assets (including tokenized stocks) for integration and functional testing
- Direct test integration with Robinhood Wallet
- A highly familiar development environment for developers from the Ethereum and Arbitrum ecosystems
Steven Goldfeder, Co-founder and CEO of Offchain Labs, said: "With Arbitrum's developer-friendly tech stack, Robinhood Chain is uniquely positioned to push tokenization and permissionless financial services into the next phase. We are thrilled to partner with the Robinhood team to build the next phase of the financial system together."
Developers and institutional partners can visit https://docs.robinhood.com/chain for more information, documentation, and testnet-related resources.
About Robinhood
Robinhood Chain is provided by Robinhood Digital Assets, LLC ("RHDA"). RHDA is a software services provider and does not provide regulated financial or investment advisory services.
Robinhood Crypto, LLC ("RHC", NMLS ID 1702840) provides cryptocurrency trading services in the United States. Cryptocurrency held with Robinhood Crypto is not protected by FDIC or SIPC insurance. Robinhood Crypto is licensed by the New York State Department of Financial Services to engage in virtual currency business activity. For more licensing information, please see the official disclosures.
Robinhood Europe, UAB ("RHEU", company code: 306377915) is authorized and regulated by the Bank of Lithuania (BoL) as a financial brokerage firm and a crypto-asset service provider. RHEU's registered address is: Vilniaus g. 33-201, LT-01402 Vilnius, Lithuania.
Self-custody crypto wallets and related services are provided by Robinhood Non-Custodial, Ltd. ("RHNC", a limited liability company incorporated in the Cayman Islands) and other third-party service providers. Cryptocurrency held in Robinhood self-custody wallets is also not protected by FDIC or SIPC insurance, and availability may be subject to regulatory approval in certain jurisdictions.
RHDA, RHC, RHEU, and RHNC are wholly-owned subsidiaries of Robinhood Markets, Inc.
Not all products are available in all jurisdictions.
