Robinhood Soars 13% to All-Time High as Tokenized Stocks Launch in the EU

TradingKey – Robinhood (HOOD) surged 12.77% on Monday, marking its largest single-day gain since April 9 and closing at a record high of $93.63. 

The rally was fueled by three major crypto-related announcements, signaling the company’s deeper push into blockchain infrastructure and tokenized finance.

Robinhood Stock Price Chart – Source: TradingView.

On June 30, Robinhood unveiled the following initiatives:

1. Robinhood Chain: A new Ethereum Layer-2 blockchain built on Arbitrum, focused on tokenization of real-world assets.

2. Tokenized U.S. Stocks for EU Users: Over 200 tokenized U.S. stocks and ETFs are now available to European customers via Arbitrum One, with plans to expand to thousands of assets by year-end.

3. Free Tokenized Shares of Private Companies: Eligible users will receive tokenized shares of OpenAI and SpaceX for free, with a redemption deadline of July 7.

These moves position Robinhood not just as a crypto participant, but as a builder of its own blockchain ecosystem, bridging traditional equities and digital assets. The company’s strategy aims to attract both retail stock investors and crypto-native users by offering tokenized access to U.S. equities, perpetual futures, and self-custody tools. (To see which institutions hold a large amount of Robinhood stocks, you can check out the star investors)