Rialto operates an onchain spot exchange. It compares liquidity from its own PropAMMs and other sources when routing trades.

Is Rialto the same as Pleiades?

No. Pleiades is a separate venue named in Robinhood’s launch materials.

A proprietary automated market maker uses its operator’s pricing logic and inventory to quote trades. Its behavior can differ from a passive constant-product pool.

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mainnet

Rialto

Name: Rialto — animated project explainer
Uploaded: 2026-09-05T08:04:23.372Z
Duration: 38 s
Description: An onchain spot exchange for tokenized and digital assets.

An onchain spot exchange for tokenized and digital assets.

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Opens on hoodl2.com.

Project video

0:38

Read the transcript · Narrated with captions

A token swap looks simple. Behind the button, liquidity has to come from somewhere. Rialto is an onchain spot exchange for tokenized equities, ETFs, commodities, and digital assets. It routes orders across available liquidity sources to seek the best net execution. Liquidity is the pool of assets available to trade. Routing is how a swap finds its path through those pools. Those are different jobs. Explore Rialto on Hood L two. Find the project links, its full description, and the sources behind the listing.

HoodL2 produced this overview independently. It is not an endorsement. Check the listing sources for current details.

HoodL2 project profile4 sourcesReviewed 7 Sept 2026

Overview

Rialto is an onchain spot exchange for tokenized equities, ETFs, commodities and digital assets. It compares available liquidity sources when routing orders, including execution costs.

Uses

Comparing spot execution across supported liquidity sources.
Researching inventory-based automated market makers.

Risks and limitations

Execution depends on liquidity, order size and costs.
Rialto and Pleiades are different projects; verify the exact application and contract.
Early revenue figures are historical estimates.

Metrics

Gross revenue (QTD)

$6.2K

Snapshot 2026-07-13

Key facts

What it is: Rialto is an onchain spot exchange for tokenized equities, ETFs, commodities and digital assets. It compares available liquidity sources when routing orders, including execution costs.· 80%§
PropAMM model: Rialto combines its own PropAMMs, Rivo and Altus, with other liquidity sources. Orders are compared by net output after costs.· 78%§
Not Pleiades: Pleiades is a separate venue named in Robinhood’s launch materials. Rialto operates its own spot exchange and PropAMMs.· 72%§
Early revenue: The earlier record cites approximately $6.19k in gross quarter-to-date revenue in early July 2026.· 65%§

Key features

Spot routing

The exchange compares available liquidity when routing a trade.

Rivo and Altus

Rialto describes these as its own proprietary automated market makers.

Tokenized assets

The spot product covers tokenized equities, ETFs, commodities and digital assets, subject to available markets.

History

2026-07
Rialto emerges from stealth
Rialto launched its onchain spot exchange on Robinhood Chain with a PropAMM-based best-execution model for tokenized equities, ETFs, commodities, and digital assets.

Frequently asked questions

What does Rialto do?: Rialto operates an onchain spot exchange. It compares liquidity from its own PropAMMs and other sources when routing trades.
Is Rialto the same as Pleiades?: No. Pleiades is a separate venue named in Robinhood’s launch materials.
What is a PropAMM?: A proprietary automated market maker uses its operator’s pricing logic and inventory to quote trades. Its behavior can differ from a passive constant-product pool.