Key Takeaways:
- Robinhood’s crypto revenue surged 98% YoY to $160M in Q2, with crypto trading volume hitting $28B amid broader market gains.
- CEO Vlad Tenev reaffirmed a strategic pivot toward real-world asset tokenization, launching Robinhood Chain and targeting private assets.
- Regulatory challenges emerge as Robinhood expands tokenized offerings in Europe, including scrutiny over equity-like tokens.
Robinhood reported a 98% year-over-year surge in crypto revenue, reaching $160 million in Q2, driven by CEO Vlad Tenev’s strong push into asset tokenization.
Overall net revenue rose 45% to $989 million, and net income doubled to $386 million.
Robinhood benefits from markets’ volatile quarter, reports jumps in profit and revenue https://t.co/DuQhCNQDL0
— MarketWatch (@MarketWatch) July 31, 2025
Crypto trading volume hit $28 billion as the broader crypto market grew by 21.7%.
Tenev highlighted tokenization as “the industry’s most significant innovation in a decade,” pointing to the launch of Robinhood Chain in Europe and the goal of tokenizing alternative U.S. assets like private shares, venture capital funds, and real estate.
This strategy follows the firm’s $200 million acquisition of Bitstamp.
Robinhood has already introduced private equity tokens in Europe mimicking companies like OpenAI and SpaceX, attracting both developer interest and regulatory scrutiny.
Tenev emphasized Robinhood’s scale – 25 million users and $1 trillion in assets under custody – as a competitive edge in leading tokenization.
While Robinhood aims to make real-world assets more accessible, Ethereum remains the dominant platform, hosting nearly $7 billion in tokenized assets, followed by ZKsync Era with $2.4 billion.
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