Robinhood Chain Takes on NYSE/Nasdaq | Robinhood Crypto GM Johann Kerbrat
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Bengalization. Today on the show, I have Johann Kerbrot from Robinhood. He's the general manager of Robinhood, and they are announcing something pretty cool, the Robinhood chain Testnet. I think we'll probably get the main net live sometime this year, but today we're getting the details of Robinhood Testnet and everything that comes with it. And so I was able to ask Johann a bunch of questions about what the role of the Robinhood test net is in the Robinhood ecosystem. My my idea for this is this is their attempt to go toe to toe with Nasdaq and the New York Stock Exchange. We know we've we've
Thanks for having me.
So, re Robinhood, doing some big things in crypto as we know, usually known as a retail investing platform, but you guys have Robinhood Chain, which you guys announced in con last summer, and also alongside of stock tokens. When you put these things together, you guys trying to go toe to toe with Nasdaq and New York Stock Exchange?
Yeah. I mean, I think it's a bit of a way to see it. You know? I think what we've been saying is that crypto and blockchain is not just trading off asset. It's also technology that can be used to replace financial systems. And, you know, we see a lot of, thing that can be improved on the traditional system. It's still not working twenty four seven. It's still not instant to buy a stock and to settle, and all of this already exists in crypto for a long time. So we think that we can bring the two together and actually use the blockchain technology as a as a new way to operate the financial syste
So you guys have a pretty big announcement. Robinhood Testnet is getting launched and out the door. So what does that mean for people? Will I be able to go tinker around on a Testnet? What give me the dates. Give me the the details.
Yeah. That's right. So, you know, we we announced it in Hong Kong for at consensus, and really the goal of this public test net is to allow blockchain developer and user to start testing and evaluate the network. And really the goal is to experiment, develop application, get them certified by Robinhood, And we are seeing a bunch of requests already for decentralized tokenized platform, decentralized lending platform, decentralized perps exchange, all the things that have have been exciting. And what really is interesting for us is to be able to finally build in public after a few months in pri
So there there were two possible strategies that I could have seen Robinhood take with Robinhood Chain. One would be kind of more of a closed door siloed back end office for Robinhood, just a ledger that Robinhood operates that connects to Ethereum and has tokenized assets that that you guys have gone down that road. It seems to be you guys are going down the other road which is more of an open developer ecosystem. You still can do all the back office ledger stuff. It sounds like you will do that, but you guys are choosing to really push this into being more of an open developer ecosystem. Tal
Yeah. You know, I I think the way we see it is that all the system that we've been building for for years at Robinhood, a lot of other company, a lot of other other institution can can use them. And so it doesn't really make a lot of sense to just build in our in our little corner. What we think is that Robineau is actually going to be the first user of the chain. So, you know, we'll be able to customize a chain for our needs, and we think that a lot of other institution will be able to to use it. And, you know, slowly, you will start seeing some of the features that we are launching using the
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