Robinhood Assets (Jersey) Limited

Robinhood Assets (Jersey) Limited is the issuer of Robinhood's Stock Tokens — the entity whose balance sheet stands behind each tokenised equity as a debt security. Domiciling issuance in Jersey is what lets the tokens be offered across 120-plus countries while excluding US persons. A holder's counterparty is this issuer, not the underlying company, which is the core of the ownership caveat.