Robinhood Said to Plan Blockchain to Trade US Assets in Europe

Robinhood Markets Inc. is developing a blockchain-based platform that will allow retail investors in Europe to trade US securities such as stocks, according to two people familiar with the matter.

The venture will be likely launched through a partnership with a digital-asset firm, according to the people. Arbitrum, a blockchain that is overlaid on Ethereum, and Solana, another popular blockchain, have both been under consideration for the partnership, they said. Discussions are still ongoing and an agreement has not yet been finalized, one person with direct knowledge said.

A spokesperson for Menlo Park, California-based Robinhood declined to comment. Offchain Labs, ...