Robinhood stock (HOOD) reached $94.65 on Wednesday, 4% below its all-time closing high from July 2, 2025. The price rose over 3% during early trading, according to Google Finance.
Over the past month, HOOD climbed 27%, and since January 2025, it gained 137%, pushing its market value above $82 billion. The latest rally follows Robinhood’s launch of a tokenization strategy, which includes a blockchain product targeting European users.
The brokerage also posted $927 million in Q1 2025 revenue, a 50% increase year-over-year. The financial growth coincides with the company’s expansion into blockchain and tokenized stocks.
Tokenized Stocks Roll Out on Arbitrum Blockchain
Robinhood launched a layer-2 blockchain built on Arbitrum. The company plans to use it to offer tokenized US stocks and exchange-traded products (ETPs) in Europe.
The blockchain helps process transactions faster and at lower cost. Robinhood confirmed that the tokenized stocks would only be available to European investors and that the U.S. platform will remain separate.
The rollout is part of a broader effort to expand the firm’s crypto and blockchain products. Alongside this, Robinhood introduced the Real World Asset Exchange, a separate platform under development in the United States. It would support onchain settlement of real-world assets, including stocks.
The platform remains in the early stages, with no official launch date or regulatory approval disclosed.
Lithuania Central Bank Questions Private Equity Tokens
Robinhood’s tokenized stocks have drawn questions from regulators. The central bank of Lithuania, which oversees Robinhood’s European business, asked for more details on offerings tied to OpenAI and SpaceX.
The company described these products as private equity tokens. They give indirect exposure to companies that are not publicly listed. According to Galaxy Research, these products function more like derivatives, not traditional shares.
Lithuania’s regulator requested clarification on whether these private equity tokens meet local financial laws. Robinhood has not confirmed whether the product structure will change.
Vlad Tenev Says Private Firms Want Tokenized Access
Robinhood CEO Vlad Tenev addressed the private equity token model in an interview with Bloomberg News on July 8. He said many private firms approached the brokerage, asking how they could make shares accessible to investors using the same structure as OpenAI and SpaceX tokens.
Tenev explained that these tokens are not formal equity shares. Instead, they mirror company exposure, giving investors a chance to benefit from value changes without owning stock.
He said:
“Many private companies have approached Robinhood about making their equity accessible to investors through the same type of private equity tokens used for SpaceX and OpenAI.”
This model remains limited to Europe. Robinhood has not offered these tokens in the United States. The firm has not confirmed whether any other companies are currently in talks or when new tokens will be available.
The development adds to Robinhood’s tokenization strategy, which continues to expand despite regulatory reviews in Europe. The company has not issued further public statements since the Bloomberg interview.
