Digital broker Robinhood (HOOD) announced on Monday that it will expand its crypto business landscape through a series of new measures, including developing its own blockchain network based on Arbitrum and launching tokenized stock trading. The company today launched a tokenized stock product based on the Ethereum Layer 2 network Arbitrum for European users, covering more than 200 U.S. stocks and ETFs and supporting round-the-clock trading during weekdays. Robinhood said in a statement that the move would upgrade its European crypto application to a "crypto-driven all-round investment platform." Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets. This new chain based on the Arbitrum technology stack is designed to support round-the-clock trading, autonomous custody and cross-chain transfer of tokenized assets. Although the specific launch date has not been announced, people familiar with the matter revealed that it may be launched at the end of this year or early next year.