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Robinhood vs Kraken vs Coinbase: The Tokenized Stock Race

Summary by FinanceFeeds
KEY TAKEAWAYS Robinhood launched over 200 tokenized stock and ETF tokens on the Arbitrum network in June 2025, later deploying its own dedicated Ethereum Layer 2 chain for expanded global trading access. Kraken acquired Backed Finance in December 2025 and then partnered with Nasdaq to build a comprehensive tokenized equity infrastructure, with xStocks surpassing $25 billion in total transaction volume. Coinbase debuted four tokenized stocks, …
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FinanceFeeds broke the news on Tuesday, September 29, 2026.
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