Robinhood is effectively building a parallel financial system on the Arbitrum network, with on-chain data confirming that its tokenized stock pilot has overcome a significant liquidity hurdle.
According to Token Terminal analysis, the market cap of Robinhood-linked stocks on Arbitrum One has surpassed $13 million, confirming the fintech giant’s quiet attempt to move Wall Street assets onto decentralized rails.
Related: How will Robinhood’s arbitrage-built tokenized stock offering impact European investors?
The chart tracks activity from late July through November 2025 and shows a consistent increase from near-zero levels to above $12.5 million, with the highest growth occurring from September onwards. While the data shows small declines, the overall pattern remains positive, indicating sustained issuance or adoption rather than isolated inflows.
Robinhood tokenizes stocks on @arbitrum.
The total tokenized market cap recently surpassed $13 million.@JohannKerbrat: “Ethereum gives us security by default. Arbitrum gives us the technical flexibility we need.” pic.twitter.com/Ro2JUP2ujs
— Token Terminal 📊 (@tokenterminal) December 14, 2025
The chart attributes the entire tokenized market value to “Robinhood – (Arbitrum One),” highlighting the company’s central role in this segment. The growth coincides with Robinhood’s push to build tokenized equity instruments on Ethereum-compatible infrastructure.
Design choices behind Ethereum and Arbitrum
Robinhood’s rationale for building on Ethereum and using the Arbitrum stack was publicly outlined by Johann Kerbrat, the company’s Managing Director of Crypto. In a December 10 post on
Appreciate the conversation, @DeFi_Dad.
Ethereum gives us security by default. Arbitrum offers us the technical flexibility we need.
Excited to continue building the future of tokenized assets. https://t.co/hI7D9iQ4KH— Johann Kerbrat (@JohannKerbrat) December 10, 2025
In comments later highlighted by DeFi Dad, Kerbrat explained that it was not practical to create a secure and decentralized Layer-1 from scratch. He contrasted Ethereum with newer Layer-1 chains, which he said lacked decentralization and security, and noted the importance of accessing existing EVM liquidity for tokenized stocks and other assets.
He also cited Arbitrum-specific features, including transaction prioritization and the Stylus framework, as factors behind the decision to build a custom Layer-2.
The ARB price pressure contrasts with the growth within the chain
While tokenized stock issuance on Arbitrum has expanded, Arbitrum’s native token has faced short-term market pressure. ARB traded at $0.2098 over the past 24 hours and was down 1.94% at the time of writing.
Arbitrum’s market capitalization is $1.17 billion, down 2.03% on the day, while 24-hour trading volume rose 16.08% to $100.53 million.
Related: Robinhood Launches Ethereum Layer 2 with Arbitrum
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