Robinhood (NASDAQ:HOOD) is at it again, looking to transform another part of the financial world. The rise of stock tokenization, and the tokenization of other underlying assets, has sent the company's shares on a blistering rally,

Robinhood has announced the launch of tokenized stocks and exchange-traded funds for European customers on the Arbitrum blockchain. ARB price rallied amid the news. The company revealed its huge move on June 30,

The tokenized versions of U.S.-listed stocks and ETFs are first available to EU users and are issued on Arbitrum, with future plans to deploy them on the firm's own blockchain.