How Robinhood Is Launching On Arbitrum One & Building On The Orbit Tech Stack

Transcript

So, you've got these stock tokens that are launching on Arbitum and then uh they're actually planning to migrate to their own proprietary Robin Hood L2 which is built on your guys' stack and uh like in in in very dumb terms like for anyone who doesn't know the Arbitum platform, you've got like Arbitum one and then you've got Arbitum the Orbit stack. So it seems like they're they're basically launching on arbitum and then you know as they scale up and they get more users and like more products shipped they're actually pivoting off to the arbitum orbit stack. Is this uh like how did this come together? How did this plan happen?

I think that's actually one of the core benefits of the arbitrum stack. It's uh you know what AJ was telling you before. The arbitrum stack is actually the only stack that has both a credibly neutral uh top five blockchain if you will and a cred and also a top blockchain stack where you can go ahead and build your own blockchain. If you look for uh an institution or really anyone that wants to maintain optionality like the absolute best place to build is arbitum because you know we can grow with you. What Robin Hood actually did was they said, "Hey, we're launching immediately quickly today uh on arbitum one deep liquid platform with deep liquidity and one that's available right away. You know, they didn't have to do all this pre-work to build the chain before it was announced, which would have been

very difficult of course to get all the partners on on board without this leaking publicly. So, they could announce the live day one and arbitrum one and then migrate when they're ready to their own chain and do that using the exact same software stack. So, they don't have to change their contracts. If you imagine they used a different plat stack, you know, which has a different programming languages or just different features, it would be actually much much more difficult to migrate. And this is actually something, you know, we've seen with other projects as well, uh, where they, you know, everyone thinks they're going to, everyone wants to get to a point where they're going to launch, you know, their own chain. Uh, for Robin Hood, it clearly makes sense and they're at that scale, but not for everyone. It is. For everyone, you know, for many

people, it actually makes sense to begin with their own chain, but everyone has that vision that they want to get there. And the question is like do you have to decide that on day one and sort of lock yourself into one of these two worlds. In most stacks you do. You know if you talk to our competitors uh there are those that have a public a public credibly neutral chain and there are those that have a blockchain stack but there's no one else that has both. And those that have a chain will tell you no matter who you are you should build your own chain. And those that don't will say no matter who you are you really don't want to build your own chain. We actually have the ability to work with you and say maybe you should build your own chain today. maybe not. And even if

you decide not to, uh, you can actually always revisit that decision tomorrow, which is a really unique feature of what we do. Yeah, I'll just add in some things that, you know, um, you know, Vlad shared publicly and and I know from my conversations with them, it was really important for them to get this product out ASAP and like obviously when they did at like HCC, right, they launched tokenized stocks in the EU. They wanted to do a whole show here. They wanted to have a bang that goes live. um they want to this is like what they called phase one. They have a very ambitious roadmap for what they want to be doing on chain to serve their core business and designing the chain is not something they want to rush. And so like what Stephen said and which is a critical

point is they can be building on arbitrum and not rush that component of it without having to sort of add complexities that they would have to have if like it was it was a different sort of migration. Right? So they wanted to announce the chain because they want to think about how do we attract the business you know infrastructure architecture very hard to do that in stealth. Um so this ability is like I think a very valuable feature that they had in this whole product roadmap because like getting this product out was critical like you saw like you know other tokenized stocks you know are coming to market and it's becoming a very competitive space. They want to put their foot down. I think they're the best position to win. Um, which is which is awesome and

we want to be there for that journey, but like they don't want to rush the chain, right? So like phase two, phase three, everything beyond is, you know, could probably go to Robin Hood chain if it doesn't start there, but like they were they're able to do that while like not saying, "Oh my god, we're like we're delayed on our core product and and capturing market share. [Music]