The Book · 27 Jul 2026
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Core · Robinhood Chainmainnetprotocol component

Stock Tokens

Robinhood's ~98 tokenized equities — ERC-20 debt securities priced by Chainlink, non-US, issued from Jersey.

Data completeness
85%
Confidence
88%
Sources
7
Last reviewed
13 Jul 2026
The take

What to know

Stock Tokens are the reason Robinhood Chain exists, the most genuinely differentiated asset on it, and the most constrained. The product innovation is real: standard ERC-20s that give economic exposure to roughly 90 to 98 equities and ETFs, tradeable 24/7 and composable into DeFi — collateral in a lending market, one side of a liquidity pool, the underlying of a perp — in a way a brokerage line item never can be. Corporate actions are handled cleanly onchain: dividends and splits flow through a multiplier read via uiMultiplier(), the ERC-8056 Scaled UI Amount Extension, so your raw balance stays put while the shares-per-token ratio adjusts. Chainlink data feeds price each asset. That is a well-designed primitive. The catch is legal, and it is the whole game. These are not shares. They are debt securities issued by Robinhood Assets (Jersey) Limited under a base prospectus — you hold Robinhood's promise to track a price, not the stock, and not the voting or ownership rights that come with it. If Robinhood Assets (Jersey) fails, you are a creditor, not an equity holder. And they are unavailable to US persons, with further restrictions in Canada, the UK, Switzerland, and the UAE, so the flagship asset of a US broker's chain excludes the US market by design. The practical risk on top of the structural one is impersonation: lookalike tickers at non-canonical addresses are a documented scam vector, and only the addresses in Robinhood's contracts registry are genuine. Treat Stock Tokens as what they are — a clever, tightly-scoped exposure product with real composability and real counterparty and jurisdictional limits — not as stock on a blockchain.

Best for

  • Non-US users wanting 24/7 price exposure to US equities and ETFs, outside regular market hours
  • DeFi composability — using equity exposure as collateral, LP inventory, or a perp underlying
  • Builders integrating Chainlink-priced, split- and dividend-aware equity tokens onchain

Watch out

  • These are debt securities, not shares — no ownership, no voting rights, and issuer credit risk from Robinhood Assets (Jersey) Limited
  • Not available to US persons, with restrictions in Canada, the UK, Switzerland, and the UAE
  • Lookalike tickers at non-canonical addresses are a real scam vector — verify against Robinhood's contracts registry

The numbers

Metrics

Active RWA market cap

$13.5M

Stocks ecosystem market cap

$25.2M


The record

Key facts

What they are
Tokenized equities and ETFs on Robinhood Chain: standard ERC-20 assets (18 decimals) that give economic exposure to an underlying share without any legal or beneficial ownership of it.· 92%§
Pricing
Each asset is priced onchain by a per-asset Chainlink data feed.· 88%§
Dividends and splits
Handled by an onchain multiplier that adjusts the shares-per-token ratio while keeping the raw balance static until redemption. Read via the token's uiMultiplier() function, defined by ERC-8056 (Scaled UI Amount Extension).· 88%§
How many
Roughly 90 to 98 tokenized stocks are live depending on source and date — Arcus lists 95 for spot, OpenSea cites 90+, the supplied briefing cites ~98.· 82%§
Availability
Live via Robinhood Wallet to eligible users in 120+ countries, but not the US or US persons, with restrictions in Canada, the UK, Switzerland, and the UAE.· 88%§
Sample contracts
Per Robinhood's registry, examples include AAPL 0xaF3D76f1834A1d425780943C99Ea8A608f8a93f9, AMD 0x86923f96303D656E4aa86D9d42D1e57ad2023fdC, and AMZN 0x12f190a9F9d7D37a250758b26824B97CE941bF54. Always confirm against the live registry.· 72%§

The timeline

History


Questions

FAQ

Do I own the stock if I hold a Stock Token?
No. A Stock Token is a debt security issued by Robinhood Assets (Jersey) Limited that tracks the price of the underlying and gives economic exposure. You do not own the share, and you do not get voting or other shareholder rights. If the issuer fails, you are a creditor.
Can US residents buy Stock Tokens?
No. Stock Tokens are not available in the US or to US persons, and there are further restrictions in markets including Canada, the UK, Switzerland, and the UAE.
How are dividends and stock splits handled?
Through an onchain multiplier. Your raw token balance stays the same, and the shares-per-token ratio adjusts via the uiMultiplier() function (ERC-8056). Wallets and apps read that value to show the corrected amount.
How do I avoid fake Stock Tokens?
Only trust addresses listed in Robinhood's contracts registry. Lookalike tickers deployed at other addresses are a documented scam vector on the permissionless chain.

The graph

Connected entities

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