Robinhood has launched the public testnet for Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum, which has a total value locked (TVL) of over $2.3 billion.
The testnet enables developers to start building apps and infrastructure on Robinhood Chain, which the company said is designed to support tokenized real-world assets (RWAs), lending platforms, perpetual futures exchanges, and other on-chain financial services, according to a press release viewed by The Defiant.
Johann Kerbrat, Robinhood’s head of crypto, said in an exclusive interview with The Defiant that the testnet is an early step toward building a broader on-chain financial ecosystem.
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