Svmuu News: In a recent interview, Johann Kerbrat, Head of Robinhood Crypto, shared the latest updates on the company’s upcoming Ethereum Layer 2 network, tokenized stock projects, and staking services:Johann Kerbrat stated that Robinhood ultimately chose to build a Layer 2 solution within the Ethereum ecosystem rather than developing a standalone Layer 1 network due to a desire to “stay focused.”By anchoring to Ethereum, Robinhood can directly leverage its established security, decentralized nature, and vast liquidity within the EVM space, allowing the company to focus its efforts on developing core features such as stock tokenization. Currently, the Layer 2 network is in the private testnet phase, and no public launch timeline has been announced.It is worth noting that Robinhood’s tokenized stocks are already running on Arbitrum One, with the number of available securities expanding from 200 at launch last July to over 2,000.Kerbrat emphasized that this is just the beginning, with future plans to expand the tokenization business into areas such as private equity, real estate, and art. Additionally, thanks to updates in U.S. SEC policies, Robinhood launched its staking service across most of the United States last June. (CoinDesk)