Robinhood has tokenized 500 US stocks and ETFs for EU users

ChainCatcher news, according to Cointelegraph, Robinhood has tokenized 500 US stocks and ETFs for EU users on Arbitrum.

According to data from Dune Analytics, Robinhood has tokenized 493 assets with a total value of over $8.5 million. The cumulative minting amount has exceeded $19.3 million, but approximately $11.5 million in burn activity has offset this loss, indicating that the market is growing but trading is active. Stocks account for nearly 70% of all deployed tokens, followed by exchange-traded funds (ETFs) at about 24%, while commodities, cryptocurrency ETFs, and US Treasuries have a smaller allocation.