Robinhood's board of directors approved a $1.5 billion share buyback program on Tuesday. Robinhood CFO Shiv Verma stated that the mandate reflects management and the board's confidence in continuously delivering innovative products to customers and creating value for shareholders. The company said it expects to execute the $1.5 billion mandate over the next three years and retains the flexibility to accelerate the buybacks when market conditions permit. Previously, the board approved a $1 billion buyback program in May 2024 and a further $500 million program in April 2025. In recent years, Robinhood has been expanding its crypto business, including enabling 24-hour on-chain stock trading and providing tokenized exposure to large private companies to non-U.S. customers; its Arbitrum-based Ethereum Layer 2 network, Robinhood Chain, has launched its testnet. (The Block)