Webull Climbs 7% Ahead of Q2 Earnings, Robinhood Gains 7% on Tokenization Push
Stocks
Robinhood Markets shares rose 7% following CEO Vlad Tenev's public push for U.S. regulators to approve domestic tokenized stocks. Tenev argued that the U.S. risks losing financial infrastructure leadership to overseas competitors if it fails to modernize through tokenization. Robinhood currently offers over 190 tokenized U.S. stocks to international users, backed 1:1 by underlying shares, though domestic regulatory hurdles remain. The broader market for on-chain tokenized equities has seen significant momentum, with total trading volume reaching $9 billion in 2026, representing an 800% year-to-date increase. This growth is supported by the launch of Robinhood Chain, an Ethereum-compatible Layer 2 that recently surpassed 100 million transactions. Meanwhile, Webull shares also climbed 7% ahead of its Q2 2026 earnings report, benefiting from a general rally in fintech and crypto-linked stocks. The convergence of these events highlights the increasing institutional focus on blockchain-based financial infrastructure and the potential for regulatory shifts to impact market valuations.
Key points
- ▸Robinhood has tokenized over 190 U.S. stocks, currently available in more than 120 countries.
- ▸On-chain tokenized equity trading volume hit $9 billion in 2026, up 800% year-to-date.
- ▸Robinhood Chain, an Ethereum-compatible Layer 2, reached 100 million transactions since its July launch.
- ▸Robinhood CEO Vlad Tenev is actively lobbying U.S. regulators to approve domestic tokenized stock offerings.
Background
Robinhood Markets is a financial services company known for its commission-free trading platform. Its tokenization strategy involves creating digital representations of U.S. equities on a blockchain, allowing for 24/7 trading and increased accessibility. Robinhood Chain is the company's proprietary, permissionless Ethereum-compatible Layer 2 network designed to facilitate these on-chain financial activities.
Relevance
7.5/10