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Robinhood
Tokenised debt security, Swiss-law ledger-based; economic exposure only
Outstanding value$162M8.4%30 days
Market share4.4%
In DeFi$94.3M
Tokens193
Stocks193
Chains
Robinhood Chain
Robinhood Stock Tokens are tokenised debt securities issued by Robinhood Assets (Jersey) Ltd, giving economic exposure only, with no legal or beneficial rights in the underlying. They are backed 1:1 by shares held at Alpaca, with Security Agent Services AG as security and verification agent. Non-US investors outside the UK, Canada, Switzerland and other excluded countries can buy, and the tokens live on Robinhood Chain.
- Issuing entity
- Robinhood Assets (Jersey) Ltd (RHJ)
- Jurisdiction
- Jersey; base prospectus approved by FMA Liechtenstein (25 Jun 2026), Reg S
- Backing
- 1:1, no over-collateralisation; collateral may be lent to a Prime Borrower
- Custodian
- Alpaca; authorised participant Bitstamp Global (BVI)
- Launched
- 1 Jul 2026 on Robinhood Chain
- Who can buy
- Non-US; also excludes Canada, UK, Switzerland and others
- Website
- robinhood.com/rhj/stocktokens
Sources
- docs.robinhood.com/stock-tokens
- robinhood.com/stocktokens
- docs.robinhood.com/rhj
- cdn.robinhood.com/rhj_base_prospectus.pdf
- cdn.robinhood.com/rhj_final_terms_for_tokenised_debt_securities_linked_to_nvidia.pdf
- robinhood.com/robinhood-accelerates-global-expansion-robinhood-chain-mainnet-stock-tokens-agentic-trading
- docs.robinhood.com/building-with-stock-tokens
- Sumcap research (2)
By
 SPYSPDR S&P 500 ETF Trust, Robinhood Token | SPY | 1,000 | 60.9% | $23.6M14.5% | 5.68k% | ||
 NVDA | NVDA | n/a | 46.0% | $17.5M10.8% | 1.88k% | ||
 SPCXSpace Exploration Technologies Corp. Class A Common Stock, Robinhood Token | SPCX | 1,000 | 60.6% | $10.8M6.7% | 2.32k% | ||
 GLDSPDR Gold Trust, Robinhood Token | GLD | 1,000 | 78.4% | $8.66M5.3% | n/a | ||
 METAMeta Platforms, Robinhood Token | META | 1,000 | 78.8% | $7.62M4.7% | 1.73k% | ||
 GOOGLAlphabet Class A, Robinhood Token | GOOGL | 1,000 | 62.4% | $6.59M4.1% | 1.5k% | ||
 AAPLApple, Robinhood Token | AAPL | 1,000 | 62.3% | $5.5M3.4% | 1.17k% | ||
 TSLA | TSLA | n/a | 43.5% | $5.02M3.1% | 557.0% | ||
 CRCLCircle Internet Group, Robinhood Token | CRCL | 1,000 | 57.6% | $4.93M3.0% | 1.06k% | ||
 QQQInvesco QQQ, Robinhood Token | QQQ | 1,000 | 42.8% | $4.87M3.0% | 1.12k% | ||
 MUMicron Technology, Robinhood Token | MU | 1,000 | 65.3% | $4.49M2.8% | 477.7% | ||
 MSTRStrategy Inc., Robinhood Token | MSTR | 1,000 | 62.4% | $3.98M2.5% | 830k% | ||
 AMZNAmazon, Robinhood Token | AMZN | 1,000 | 47.6% | $3.85M2.4% | 830.8% | ||
 GMEGameStop, Robinhood Token | GME | 1,000 | 45.1% | $3.3M2.0% | 2.52M% | ||
 USOUnited States Oil Fund, Robinhood Token | USO | 1,000 | 49.6% | $3.2M2.0% | 684.8% | ||
 HIMSHims & Hers Health, Robinhood Token | HIMS | 287 | 80.4% | $3.16M2.0% | n/a | ||
 COINCoinbase, Robinhood Token | COIN | 1,000 | 65.6% | $2.74M1.7% | 506.9% | ||
 PLTRPalantir Technologies, Robinhood Token | PLTR | 1,000 | 56.5% | $2.59M1.6% | 489.4% | ||
 SGOViShares 0-3 Month Treasury Bond, Robinhood Token | SGOV | 1,000 | 50.9% | $2.58M1.6% | 532.5% | ||
 MSFTMicrosoft, Robinhood Token | MSFT | 1,000 | 54.4% | $2.45M1.5% | 475.3% |
1 to 20 of 193 tokens
of 10
Who holds it
Total$163M
- DeFi57.8%$94.3M
- Not indexed16.7%$27.2M
- Wallets10.4%$17M
- Exchanges and market makers8.5%$13.9M
- Other contracts6.0%$9.75M
- Unclassified0.5%$895k
Where KYC applies
- OnboardingKYC
KYC/KYB for direct mint and redeem; US, UK, Canada, Switzerland excluded
- Mint / redeemKYC
Authorised participant mints; cash redemption after KYC, no minimum
- Wallet transfersOpen
Permissionless with a blocklist; issuer may freeze or force-transfer
- DEX tradingOpen
Uniswap, Lighter, Arcus, 1inch via Robinhood Wallet in 120+ countries
- DeFi protocolsOpen
Morpho on Robinhood Chain lends USDG against stock tokens