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 gives economic exposure to a share's price and dividends. It does not grant legal ownership, voting rights, or a direct claim on the company — your counterparty is the issuer. The base prospectus defines your rights.

How is a Stock Token priced onchain?

By a live Chainlink Data Feed for each token, readable directly onchain, with Chainlink Data Streams available for lower-latency use such as perpetuals. The oracle publishes the reference price rather than the issuer.

What does uiMultiplier() do?

It is a per-token scaling factor that carries corporate actions — dividends and stock splits — so onchain balances and prices track the underlying without redeploying the contract. Integrating apps should read it rather than assume a fixed 1:1 mapping to shares.

Stock Tokens, explained — Learn Robinhood Chain

What a Stock Token is

A Stock Token is a tokenised equity that trades onchain around the clock. Technically it is a standard ERC-20 with 18 decimals, so it moves and composes like any other token. Legally it is something more specific: a debt security issued by Robinhood Assets (Jersey) Limited, structured to track the price and dividends of an underlying share.

Around 98 stocks were live onchain at launch. Because they are ERC-20s, a Stock Token can sit in a Uniswap pool, back a loan, or feed a structured product — the composability is the point. AAPL, for example, is the canonical token at 0xaF3D76f1834A1d425780943C99Ea8A608f8a93f9.

What you own — and what you don't

This is the part to read twice. A Stock Token gives you economic exposure to a share's price and dividends. It does not give you legal or beneficial ownership of the share, voting rights, or a direct claim against the company. Your counterparty is Robinhood Assets (Jersey) Limited, and your rights are what the base prospectus says they are — nothing the token's ticker implies beyond that.

The structure is also geographically bounded: Stock Tokens are offered across 120-plus countries but excluded from the US and US persons, with further restrictions elsewhere. Anyone deciding what a token is worth should read the prospectus rather than the marketing, because the debt-security wrapper is the whole legal reality of the instrument.

How the price stays honest: Chainlink

A tokenised stock is only as good as its price feed. Every Stock Token has a live Chainlink Data Feed, so a contract can read the reference price directly onchain rather than trusting Robinhood to post it. That is what lets third-party DeFi apps price a Stock Token confidently: the oracle, not the issuer, publishes the number.

For latency-sensitive venues — perpetuals, for instance — Chainlink Data Streams provide a lower-latency, pull-based quote fetched at execution. Both were live on the chain from day one, alongside CCIP for cross-chain messaging.

Dividends and splits: uiMultiplier()

Real equities pay dividends and split. A token that ignored those would drift from its underlying. Robinhood handles this with a uiMultiplier() function on each Stock Token contract: a scaling factor that carries corporate actions so onchain balances and prices stay aligned without redeploying the token.

The practical consequence for builders: a holder's economic position is the raw balance adjusted by the current multiplier, so an integrating app should read uiMultiplier() rather than assume a fixed one-token-one-share mapping. Miss it, and your accounting drifts every time the underlying pays out or splits.