Robinhood Is Changing the Rules of Investing

**Johann Kerbrat** (0:00)
The world is not stopping on Friday evening and only starting back on Monday morning. And we see it with our stock tokens. Some of the volume that we see on DeFi platform is actually happening a lot more during the weekends, because news happened, because the world is continuing. And I think it's important for customer to be able to act very quickly when something happens, instead of waiting Monday morning to start placing orders.
Hi, I'm Johann Kerbrat, I'm the SVP and GM of Crypto at Robinhood. Robinhood wanted its own chain because we wanted to build a new infrastructure that we could use to build product both for CIFI and DeFi customers. What we're really excited so far has been the excitement that we're seeing from our customers, trying to not just use a product that we've built, but also develop on top of the chain. One of the things that we wanted to make sure at the launch of the chain in July 1st was that we had an entire ecosystem ready to use.
We partnered with many providers from RPCs to Wallet and more to make sure that people could easily plug and develop on top of the chain. And right now we're seeing that working. We see a lot of excitement around development. We are one of the chain with the most developers active right now on the platform. The Robinhood Chain is permissionless, so anyone can build on it. Robinhood is not involved with every single developer or every single app on the chain. But one thing that we wanted to make sure that we could bridge the two different worlds, Tritify and DeFi together, and give the best of both worlds to our customers. So for example, we launched Robinhood Earn, that gives you approximately 7% on your stable coin. And we think that it's really a good example of this middle ground between having the high yield of DeFi, and at the same time having the safety and easy to use UX that Robinhood offers.

**SPEAKER_2** (1:52)
Ledn just launched its lowest loan rates ever. The larger the loan, the lower the rate. Plus your Bitcoin stays protected, never lent out for interest. With auto top-ups, LTV alerts, and more, you're always in control. Learn more at ledn.io.

**SPEAKER_3** (2:06)
JPEG Trading is a global proprietary trading firm operating across cryptocurrency and DeFi markets, specializing in providing liquidity.
Follow JPEG Trading on X for more. Zcash is entering a new era of privacy. A new CoinDesk Research Report explores Project Tachyon, the network's roadmap for scaling encrypted transactions, preparing for quantum error risks, and strengthening decentralization. Discover how Zcash is building for the next decade at coindesk.com/research.

**Johann Kerbrat** (2:36)
We partnered with Morpho to create this lending protocol that customer will be able to lend to.
It takes a few steps from the main Robinhood app. You will be able to convert your dollar into USDG, the stable coin that we support, and lend them directly into these vaults that are available on the Robinhood chain. The most exciting part, I think, for us was also that we were able to create an insurance program in partnership with Lloyd's of London, and it will be one of the largest crypto programs for insurance. And I think that's really the idea to help customers understand that they can use this product in an easy way and also get some of the safety from the insurance program. Our stock tokens that we just launched are available on the Robinhood chain as well. Permissionless, you can transfer them to any wallet. You can use them as collateral on some of the DeFi, DAX and perps exchange that we are partnering with. For example, LIDAR and Arcus are offering ways to use these tokens and to trade them over the weekends at night or use them as collateral for perps. I think it's a really big excitement for the community because not only you can get US exposure, US stocks exposure and US CTF exposure, but on top of that, you can take this asset and put them to use, which is something that you can really do on traditional platform usually. The world is not stopping on Friday evening and only starting back on Monday morning. We see it with our stock tokens. Some of the volume that we see on DeFi platform is actually happening a lot more during the weekends because news happened, because the world is continuing. I think it's important for customer to be able to act very quickly when something happens instead of waiting Monday morning to start placing orders. For us, tokenization is really this idea that you can put a wrapper around the real world asset and actually get the benefit of the blockchain technology. You get instant settlement, fractionalization, 24-7 trading, but also easy to transfer, easy to own and buy and sell. Basically, the platform that already exists today on decentralized exchanges and on wallets can be used not just for stocks or not just for crypto asset, but for anything really that you own from real estate out to private equity, and really make it easy for you to not just trade, but also use that as collateral if you want to get a mortgage, a loan, if you want a lending line. So I think it's a really important evolution that we are seeing, and it will allow people to change our strategies more and more to think about their financial journey not just for stocks, but also for everything that they own. I think all finance will be on chain sooner than we expect. We already see in the past couple of years, most of the big traditional platform have started to have at least a blockchain team or started to announce plan around blockchain.