As Wall Street Roars, These 10 Stocks Outshine

4. Robinhood Markets, Inc. (NASDAQ:HOOD)

Robinhood Markets surged by 12.77 percent on Monday to finish at $93.63 apiece as investors cheered the launch of tokens that will allow its European customers to invest in the US stock market.

In a statement, Robinhood Markets, Inc. (NASDAQ:HOOD) said that its Robinhood Stock Tokens are now available to customers within the European Union, giving exposure to more than 200 US stocks and ETF tokens.

The tokens feature zero commissions, dividend support, and 24/5 access. Stock token holders will also receive dividend payments directly in their app.

“Crypto was built by engineers for engineers, and has not been accessible to most people,” said Johann Kerbrat, General Manager and SVP for Robinhood Crypto. “We’re onboarding the world to crypto by making it as easy to use as possible—with the goal of bringing powerful tools into one intuitive platform.”

According to Robinhood Markets, Inc. (NASDAQ:HOOD), stock tokens will initially be issued on Arbitrum.

In the future, tokenized stocks will be facilitated by the company’s own Robinhood Layer 2 blockchain, based on Arbitrum.

Currently in development, the Robinhood blockchain will be optimized for tokenized real-world assets and built to support 24/7 trading, seamless bridging, and self-custody.