In a recent interview, Johann Kerbrat, head of Robinhood Crypto, shared the latest developments regarding the company's upcoming Ethereum Layer 2 network, tokenized stock project, and staking business. Kerbrat stated that Robinhood's decision to build its Layer 2 network within the Ethereum ecosystem, rather than developing a separate Layer 1, stemmed from a focus on "focus." By anchoring to Ethereum, Robinhood directly benefits from its robust security, decentralization, and the vast liquidity within the EVM space, allowing it to concentrate its efforts on developing core functionalities such as stock tokenization. Currently, the Layer 2 network is in its private testnet phase, and a public launch timeline has not yet been announced. Notably, Robinhood's tokenized stocks are already running on Arbitrum One, and their number has expanded from 200 at launch last July to over 2,000. Kerbrat emphasized that this is just the beginning, and future plans include expanding the tokenization business to areas such as private equity, real estate, and art. Furthermore, thanks to updates to the US SEC's policies, Robinhood launched its staking service in most parts of the US last June. (CoinDesk)