Nansen CEO: Robinhood is unlikely to launch a token, as its L2 strategy focuses on technology rather than issuing tokens

According to Cointelegraph, Nansen's CEO Alex Svanevik stated in a recent interview that Robinhood is unlikely to launch a token, as this could create competition with its publicly traded stock HOOD.

Alex Svanevik pointed out that the Layer 2 network currently launched by Robinhood is already operating based on the Ethereum ecosystem and has a Gas token for paying network fees, so there is no need to issue an additional platform token. He believes that the core purpose of Robinhood's layout of blockchain infrastructure is to enhance product capabilities using blockchain technology, rather than financing through token issuance or building a new economic model.

Previously, the market speculated that Robinhood might follow some crypto projects to launch an ecosystem token, but it seems that the company is more likely to use blockchain as an underlying technological tool rather than building a business system around tokens.