Robinhood Crypto head says Robinhood Chain will span TradFi and meme coins

Johann Kerbrat, head of Robinhood Crypto, said in an interview with Decrypt that Robinhood Chain is aiming to become a financial hub supporting both traditional financial products such as tokenized stocks and derivatives and meme coins. Kerbrat said meme coins are an important part of the crypto market, helping attract liquidity and user interest to new chains, and added they could be particularly useful in drawing in DeFi users who are difficult to move. Robinhood Chain has recorded about $800 million in total value locked and 200 million cumulative transactions a little more than a month after launch. Kerbrat emphasized the goal is not to take users from existing blockchains but to bring tens of millions of people who have never used crypto on-chain.