Robinhood has deployed a tokenized version of Coinbase stock, trading as COIN, on its newly launched Layer 2 blockchain. The network, Robinhood Chain, went live on July 1, 2026. It is an Ethereum-compatible chain built on Arbitrum, designed for trading tokenized real-world assets.
These COIN tokens are not actual shares. They are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They provide economic exposure to the stock's price but confer no company ownership rights.
The tokens join similar products for companies including Nvidia, Apple, and Tesla. Users can trade them around the clock via Robinhood Wallet or DeFi protocols. The platform allows lending on Morpho and trading on Uniswap, creating yield strategies unavailable in traditional finance. Services are accessible to eligible users in over 120 countries.
Tokenized securities carry counterparty risk tied to the issuer. Availability does not guarantee uniform regulatory clarity across all jurisdictions.