Key Takeaways
- • Arbitrum Foundation met with European banks, wealth managers and family offices representing more than €800 billion in assets under management during the week of October 16, 2026, alongside WisdomTree's release of research on the network's business model.
- • WisdomTree reported that the ArbitrumDAO earned $6.19 million in the first half of 2026 at a blended gross margin above 97%, up from above 90% in 2025.
- • Any chain running Arbitrum's technology and settling to Ethereum pays 10% of its net revenue as royalty income, with the first paying chain remitting $4.37 million in license fees over its first 10 weeks, about $3.5 million of which went to the DAO.
- • Arbitrum head of investment strategy Brendan Ma told allocators that token-based networks must be built on real business models with cash flow and revenue.
- • WisdomTree's report frames whether other enterprises will follow Robinhood in building their own chains as a key open question.
Summary
Ma told attendees that financial markets are moving onto public blockchains, that major institutions are coming onchain, and that token-based networks must be built on real business models with cash flow and revenue. The key theme, according to the report, centered on tokenization across financial assets accelerating and allocators seeking blockchain networks indexed to the revenue opportunity from that buildout.
WisdomTree argued in its report that Arbitrum's technology "has itself become a business, and it is now the fastest growing part of what Arbitrum earns." The firm said the ArbitrumDAO earned $6.19 million in the first half of 2026 at a blended gross margin above 97%, up from above 90% in 2025. Any chain running Arbitrum's technology and settling to Ethereum pays 10% of its net revenue, which WisdomTree described as royalty income. The first chain to pay, identified in the article only as a Robinhood-linked network, paid $4.37 million in license fees in its first 10 weeks, with about $3.5 million going to the DAO. WisdomTree noted that "a single chain has produced more than half what the whole organisation earned in the preceding six months."
The report identifies whether other enterprises will follow Robinhood in building their own chains as a key question going forward. The research follows Standard Chartered's initiation of coverage on Arbitrum in September.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.