The instrument and its issuer
A Robinhood Stock Token is an ERC-20 token with 18 decimals, issued as a debt security by Robinhood Assets (Jersey) Limited. Its terms link the holder's economic exposure to an underlying stock or ETF. The token can be used by compatible wallets and applications, subject to the product's restrictions.
Around 98 stock tokens were recorded at launch. The canonical AAPL contract is 0xaF3D76f1834A1d425780943C99Ea8A608f8a93f9. Verify the network and address against the issuer's current registry before transacting. A token can be integrated into a pool, lending market or structured product, but compatibility alone does not establish that a particular market is available.
Tokenholder rights
A Stock Token provides economic exposure to the underlying share's price and dividend treatment. It does not grant legal or beneficial ownership of the share, voting rights or a direct claim against the underlying company. The issuer is Robinhood Assets (Jersey) Limited; the Base Prospectus, supplements and applicable Final Terms define its obligations.
Robinhood announced availability in more than 120 countries at launch, subject to jurisdictional restrictions. US persons are excluded and further restrictions apply elsewhere. Check the current eligibility rules and issuer rights and exit reference for the product you are considering.
Reference prices and execution prices
Chainlink feeds provide Stock Token reference prices that applications can read onchain. The reference incorporates the corporate-action multiplier. A reference price does not guarantee the price at which a venue will execute a trade or process a redemption.
Chainlink Data Streams support applications that need lower-latency price delivery, and CCIP provides cross-chain messaging. The three services perform different functions. Integrators must still check feed freshness, units and availability rather than treating an oracle response as an unconditional execution quote.
Dividends, splits and uiMultiplier()
The uiMultiplier() function records the relationship between raw token units and share-equivalent exposure after corporate actions. A multiplier update can change that relationship without changing the holder's raw token balance or redeploying the token.
For example, ten raw tokens with a multiplier of 1.05 represent 10.5 share-equivalent units. Robinhood's adjusted token reference price already includes the multiplier. Applying it again to that price would count the same adjustment twice. The issuer's event notices and integration documentation explain when an adjustment takes effect.