Robinhood's stock surged nearly 13% after the company launched tokenized shares of OpenAI and SpaceX in Europe, making private equity accessible via blockchain for the first time. The move is part of Robinhood's strategy to expand its crypto offerings globally, allowing EU users to trade over 200 tokenized stocks and ETFs with no commission. However, U.S. users will face regulatory hurdles before accessing similar offerings.

Robinhood's second-quarter earnings showed a 32% increase in crypto trading volume, reaching $28 billion, alongside a 98% rise in transaction-based revenue to $160 million. The company also expanded its crypto services through acquisitions and launched tokenization initiatives, emphasizing its commitment to long-term growth in the crypto sector.