Robinhood Markets Inc. shares soared into record territory Monday, lifted by the financial-services platform’s launch of U.S. stock and ETF tokens for customers in the European Union. Robinhood said that European customers will now have access to more than 200 U.

Robinhood Markets stock spiked Monday after the trading platform unveiled a series of new crypto-focused offerings to users in the U.S. and Europe. At a ritzy seaside event in Cannes, France, Robinhood executives announced something for everyone: perpetual crypto futures and tokenized stocks and ETFs for EU users and crypto “staking” and credit-card rewards,

The tokenized versions of U.S.-listed stocks and ETFs will first be available to EU users and issued on Arbitrum, with future plans to deploy them on on Robinhood's own blockchain.