Robinhood and Arbitrum teamed up to support online trading platform Rialto to support cryptocurrencies, stocks, and ETFs

On July 3, RobinhoodCrypto, Arbitrum and OffchainLabs collaborated to build Rialto, a new on-chain spot trading platform, with the goal of "rebuilding the on-chain capital market." Driven by PropAMM (Proprietary Market Maker), the Rialto platform focuses on the integration of encryption and traditional finance. It will support spot trading of various assets such as cryptocurrencies, stocks, ETFs, commodities, and Pre-IPO. Self-managed equity can be directly used as a third-party loan collateral, stablecoins can flow into the broad-based index in real time, and Pre-IPO assets can be traded in 7x24 hours a day. Rialto will operate its own PropAMM "RivoAltus" to provide basic liquidity while introducing other market makers and institutional liquidity providers. Initially, 90 Robinhood tokenized stocks and mainstream crypto assets will be launched.