fintech giant Robinhood announced a three-phase plan aimed at achieving permissionless tokenized stocks through Arbitrum Stylus technology for DeFi application users.

According to Offchain Labs' Head of Strategy AJ Warner, the final phase of the plan will make stock tokens completely permissionless, allowing users to use these tokens in various decentralized applications (dApps). Currently, in the first phase, EU users can purchase tokenized versions of approximately 800 publicly traded securities through the Robinhood app, but they cannot transfer them outside the app.

The second phase will focus on infrastructure development, with Robinhood utilizing the Bitstamp platform it acquired for $200 million to enable around-the-clock trading of stock tokens. In the third phase, users will be able to withdraw permissionless assets to external wallets and use them in decentralized protocols such as Aave.