Robinhood Starts Testing Kendi Blockchain.

Robinhood Chain Public Testnet Announced

Robinhood has launched a public testnet for the Robinhood Chain, a Layer-2 solution based on Ethereum. This development indicates that a broader rollout is planned for this year. The company aims to support 24/7 trading and the storage of tokenized stocks, exchange-traded funds (ETFs), and other assets in users' wallets. Additionally, it seeks to provide access to decentralized finance (DeFi) applications on Ethereum.

Robinhood's Senior Vice President Johann Kerbrat stated in an interview with CoinDesk, "What we wanted was the security of Ethereum, the liquidity available in EVM (Ethereum Virtual Machine) chains, and the Ethereum ecosystem."