Trust Wallet Adds Robinhood Chain, Letting Users Self-Custody and Swap Tokens on the Ethereum Layer-2

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Trust Wallet Adds Robinhood Chain, Letting Users Self-Custody and Swap Tokens on the Ethereum Layer-2
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Trust Wallet has added Robinhood Chain to its mobile app and browser extension, letting users hold and swap tokens on the network while keeping their private keys. Robinhood CEO Vlad Tenev framed the Ethereum-compatible Layer-2 as built for real-world assets, while conceding it suits memecoins as well.

Trust Wallet users can now send, receive, store, and swap tokens issued on Robinhood Chain without surrendering control of their private keys, the company said in an announcement. The self-custody integration reaches both the wallet's mobile application and its browser extension.

Robinhood Chain is an Ethereum-compatible Layer-2 network designed to host tokenized markets, cryptocurrencies, and real-world assets on low-latency, intermediary-free infrastructure. Robinhood co-founder and CEO Vlad Tenev remarked on the network's utility. According to Bitcoin News, Tenev said the chain is built to be the best for RWA, but "it works great for memes too."

Cutting the cost of Ethereum transactions

The integration targets the high fees of the Ethereum mainnet, where transactions compete for limited block space and drive up gas fees during peak congestion. Robinhood Chain sidesteps that by processing transactions off-chain, then bundling them into a single compressed summary submitted back to Ethereum.

That design reportedly cuts individual transaction costs to fractions of a cent and speeds up confirmations. Trust Wallet users can also run the wallet's built-in swap functions on Robinhood Chain without the failed transactions that fluctuating gas prices or long wait times can cause.

What users need to do next

To reach the new features — home-screen shortcuts for deposits, withdrawals, and asset swaps — users must update to the latest version of the application. Trust Wallet described the technical work as part of a broader rollout and hinted at upcoming joint campaigns with Robinhood.

Source: Bitcoin News

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