Asking this question: Why would Robinhood spin up their own L2 rather than build an app on an existing chain?

What does this allow them to do? What types of *control* does it afford them?

j-hn.info | founder at /beings-club | experimenting with /higher

Reasonable answers. Why is tokenising stocks at all beneficial in this case?

They also don't have liquidity concerns. Other apps may be okay with "leaking value" to Base because they benefit far more from users and liquidity that building on Base provides (Zora is an example here of why they benefitted from pivoting to Base from Zora network). Robinhood has tens of millions of users with capital on the platform, they do not have this issue and the tradeoff is much more in the direction of launching their own chain.

The biggest thing probably is they earn the revenue from transaction fees, as opposed to leaking them elsewhere (e.g. Coinbase if they were built on Base, or validators if they were built on ETH, etc.)