Online broker Robinhood has launched a public testnet for its own network, the Robinhood Chain. This L2 solution is based on Arbitrum and focuses on RWA and DeFi.

The Robinhood Chain public testnet is live 🛠️

Developers can now build on a financial-grade Ethereum Layer 2 built on @arbitrum— designed to support tokenized real-world and digital assets.

Start building with the core foundation of Robinhood Chain: https://t.co/yHCQRh5x3j…

— Robinhood (@RobinhoodApp) February 11, 2026

Robinhood Crypto's General Manager, Johan Kerbrat, stated that the blockchain serves as a foundation for integrating traditional financial services into the on-chain space.

Developers now have access to test assets, including tokenized stocks, as well as tools to interact with Robinhood Wallet.

Stephen Goldfeder, CEO of Offchain Labs (the developer of Arbitrum), noted that this launch will help the industry transition to the next phase—launching financial services without intermediaries.

Financial Performance and Market Reaction

On February 10, Robinhood released its fourth-quarter report. In after-hours trading, HOOD shares fell about 8%, dropping from $85.6 to $79.04.

Source: Google Finance.

The company's revenue from cryptocurrency operations decreased by 38% year-over-year, totaling $221 million, compared to $268 million in the third quarter.

Trading volumes on the Robinhood app dropped by 52%. A significant portion of the total turnover of $82 billion was generated by Bitstamp, acquired by the company in June 2025.

Despite the downturn in the crypto segment, the platform's overall net revenue grew by 27%, reaching a record $1.28 billion. This growth was driven by other segments:

  • Options — $314 million (+41%);
  • Stocks — $94 million (+54%);
  • Net interest income — $411 million (+39%).

The number of Robinhood Gold subscribers increased by 58%, reaching 4.2 million. Total assets on the platform rose by 68% to $324 billion.

Broker CEO Vlad Tenev confirmed plans to launch tokenized stocks. The company aims to implement round-the-clock trading and instant settlements on the blockchain.

Recall that in November 2025, Robinhood announced the creation of its own derivatives exchange and clearinghouse.