**[Robinhood Launches Phased Plan to Support Permissionless Use of Tokenized Stocks]** Robinhood has announced a three-phase implementation plan aimed at enabling DeFi application users to use tokenized stocks without permission and achieve compatibility through Arbitrum Stylus. Currently in the first phase, EU users can purchase tokenized stocks within the Robinhood app but cannot transfer them out, limiting usage to within the app. The second phase will provide 24/7 trading services through the acquired Bitstamp, breaking the traditional stock trading time restrictions. The final phase will achieve full permissionless functionality, allowing users and DeFi protocols to freely use tokenized stocks, such as withdrawing tokenized Apple stocks for collateral purposes. AJ Warner, Strategic Lead at Offchain Labs, stated that Robinhood is laying the foundation for the transition of traditional finance into a permissionless ecosystem. The recently launched tokenized stock product covers approximately 800 publicly traded securities and plans to expand into the private equity sector.