Odaily Planet Daily News: Today, Robinhood announced the launch of a public testnet and selected Chainlink as the oracle platform for Robinhood Chain. Robinhood Chain is a financial-grade Ethereum Layer 2 network built on Arbitrum, aiming to support real-world assets. Developers can use Chainlink's data, interoperability, and compliance standards to build advanced tokenization use cases on Robinhood Chain.
Nicola White, Vice President of Robinhood Crypto Institutions, said at Hong Kong Consensus that institutions have spent decades exploring processes and procedures, and we are now working to help them leap to the next level of technology and innovation. Therefore, Robinhood believes the starting point should be at the infrastructure level, committing to enabling institutions to achieve higher-level technological innovation, allowing them to build confidence in on-chain issuance and become accustomed to processes such as DvP and atomic settlement. The integration of DeFi and institutions will require a bit more time at the application level. Some best practice tools need to be introduced into this field to eliminate certain fears institutions have about DeFi and truly understand the benefits and efficiency of the related products.