Arcus rolls out 24/7 tokenized US stocks and perpetual markets on Robinhood Chain

Arcus has officially launched 24/7 trading with 0% fees on more than 95 Stock Tokens on Robinhood Chain and introduced beta perpetual markets through its self-custodied decentralized exchange.

The launch gives eligible traders exposure to leading companies across AI, semiconductor, space, and quantum computing sectors, including mega-cap equities such as Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet, and Amazon, the project said in a statement shared with The Block on Tuesday.

Arcus also introduced perpetual futures in beta, with a waitlist exceeding 75,000 signups. The platform offers perpetual markets across U.S. equities, exchange-traded funds, commodities, and cryptocurrencies, including products linked to SPY, QQQ, GLD, USO, bitcoin, ether, solana, and XRP.

Arcus was founded by Eddie Zhang and developed by the team behind dYdX. Robinhood Crypto is a strategic investor in the project. Available on desktop with an invite-only mobile app in TestFlight, the platform combines Stock Tokens and perpetual markets through a single self-custodied, cross-margined account and said it leverages Robinhood Chain's infrastructure to provide continuous market access.

The launch also incorporates infrastructure from Paxos Labs and Privy. Paxos Labs enables access to USDG, the dollar-backed stablecoin issued by Paxos Trust Company for the Global Dollar Network. Privy provides embedded wallet creation and onboarding through email, Google, and other supported login methods, per the statement.

Robinhood Chain, an Ethereum Layer 2 built using Arbitrum's technology stack, went live on public mainnet on July 1 with support for tokenized stocks, decentralized lending and perpetual futures. The network also launched with integrations from projects including Uniswap, Chainlink, BitGo, and Alchemy.

Bernstein estimated last week that Robinhood Chain processed about $3.1 billion in decentralized exchange volume during its first seven days on mainnet, placing it among the five largest blockchain networks by DEX activity. 

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The research and brokerage firm also estimated that roughly 65,000 users held $300 million in stablecoins and $13 million in tokenized stocks on the network during its first week.