Robinhood-Backed Arcus Adds Tokenized Stocks, Perpetuals
Arcus is a decentralized exchange developed by the dYdX Labs team and backed by Robinhood Crypto. It operates on Robinhood Chain, the Ethereum layer-2 network that went live on July 1. The venue is significant because it brings tokenized equities, crypto assets and derivatives into a single onchain marketplace, broadening Robinhood’s push to connect traditional finance with decentralized finance infrastructure.
Arcus said on July 21 that it had expanded beyond its initial spot market to offer tokenized stocks and perpetual contracts. The platform now provides markets covering more than 95 stock tokens and crypto assets, with Paxos-issued USDG serving as its primary settlement stablecoin. Trading in stock tokens will remain unavailable in restricted jurisdictions including the United States, Canada and the United Kingdom, underscoring the regulatory constraints surrounding onchain equity products.
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The history behind this eventRobinhood Partners With dYdX to Launch Arcus DEX on New Chain, Targeting Tokenized Assets
Robinhood is extending its securities and crypto-asset services to its proprietary Layer 2 network, with the dYdX Labs technical team building the core trading infrastructure. dYdX’s rebranding as Arcus reflects an expansion from crypto derivatives into tokenized equities, in an effort to connect traditional finance with onchain trading markets.
Robinhood Chain formally launched on July 20, 2026, alongside the Arcus decentralized exchange developed by Robinhood and dYdX Labs. The platform will serve as the chain’s core DEX, offering perpetual contracts and fee-free trading in 95 tokenized stocks. The two companies have not disclosed the value of the partnership or trading-volume targets.
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