Robinhood Chain wants to be a financial hub for the suits just as much as for the degens. That is the meaning behind Robinhood CEO Vlad Tenev's "two wolves" post on X, which the company's head of crypto, Johann Kerbrat, says captures what Robinhood is pursuing with the launch of its own Ethereum layer-2 network: a balance between serious products—tokenized equities and derivatives contracts—and the memes that bring in attention, fun, and users.

"We want to show customers that we care about what they care about," Kerbrat told Decrypt. "We want to make sure the chain works for what people care about."

Why not both? pic.twitter.com/7rnarR8tgB — Vlad Tenev (@vladtenev) July 17, 2026

And it is off to a roaring start. In just over a month online, Robinhood Chain has reached nearly $800 million in total value locked and has since processed more than 200 million transactions, Kerbrat said.

In an exclusive interview with FOMO Hour on Friday, Kerbrat, who leads Robinhood's crypto and international businesses, said the company chose an Ethereum layer-2 over a layer-1 blockchain so it could rely on existing security and decentralization while focusing its resources on products. He pointed to the chain's deposits and transaction count as early measures of its adoption.

"We also look a lot at developer activity, that's something that is very important for me," he said. "I want the chain to not just be the chain for Robinhood, but also be the chain that anyone can use and interact with our product, like our stock tokens, but also everything else that we are building."

The Robinhood Chain network is part of Robinhood's broader effort to move brokerage products on-chain. Customers can use it to buy and sell real-world assets, approximately 200 tokenized stocks, lend stablecoins, and trade perpetual futures. The push places Robinhood among a growing roster of traditional finance and crypto firms—including asset managers like BlackRock and Franklin Templeton, which have tokenized funds on blockchains—betting that blockchain infrastructure can settle trades faster and around the clock.

Today we sat down with @JohannKerbrat from @RobinhoodApp to talk all things Crypto and Robinhood Chain.

1:25 Crypto market revenue on Robinhood 5:50 Launch of the Robinhood Chain 9:37 Robinhood Chain's core focus 12:20 What does RH like and/or want to see more of 16:10 How are… pic.twitter.com/GcXIWM4Qe7

— Decrypt (@DecryptMedia) August 7, 2026

Kerbrat said the freedom to trade when traditional markets are closed gives retail investors a way to respond to market-moving news after traditional exchanges close.

"The world doesn't stop on weekends," he said. "News is happening on Fridays after market close, and people want to be able to hedge their position, which was something that was not really available to retail until recently."

Alongside tokenized stocks, lending, and other financial products, Kerbrat said Robinhood is making room for meme coins, which he described as an important source of liquidity and user interest for the new network.

"We think memes are an important part of crypto. We think that for a new chain, like Robinhood Chain, these tokens have value. They bring liquidity, they bring interest from customers, especially the DeFi-type of customer that are pretty hard to move," said Kerbrat.

"If meme coins are something that they are extremely interested in, we want to make sure that the chain is supported for that," he said.

Ultimately, Kerbrat said Robinhood wants to reach people who have never used crypto rather than compete with rival blockchains for existing users. Early adoption metrics and developer activity will be closely watched indicators of whether the chain can sustain momentum and attract third-party builders.

"If we see tens of millions of customers trying to use a chain, I think that will be a good win for us," he said. "We want to bring more customers on-chain and show them the benefit of the technology."