Robinhood announced on Tuesday evening that a developers’ version of its custom-built blockchain, known as Robinhood Chain, is now live. The move, announced at the Consensus event in Hong Kong, comes as the company accelerates its push into crypto-based financial services, including tokenized versions of popular stocks.
Robinhood Chain, which the company teased last June, is currently in the so-called testnet phase. That means it is publicly visible but restricted to a limited number of partners and participants who can test its infrastructure and introduce experimental features. In coming months, the “mainnet” version of Robinhood Chain will go live and be used to process customer transactions.
