PANews reported on October 19th that, according to Cointelegraph, Robinhood has expanded its tokenization program on the Arbitrum blockchain, deploying 80 new equity tokens over the past few days, bringing the total number of tokenized assets to nearly 500. According to Dune Analytics data, Robinhood has tokenized 493 assets with a total value of over $8.5 million. Cumulative issuance exceeded $19.3 million, but this loss was offset by approximately $11.5 million in burn activity, indicating active and growing market trading. Stocks accounted for nearly 70% of all deployed tokens, followed by ETFs at approximately 24%, with smaller allocations to commodities, cryptocurrency ETFs, and US Treasuries.

Research analyst Tom Wan said the latest batch of tokenized assets include Galaxy (GLXY), Webull (BULL), and Synopsys (SNPS). He noted, “Thanks to tokenization, Robinhood’s EU users now have access to a wider range of U.S. stocks, equities, and ETFs.”