tokenized equities

A token that tracks a share does not know what that share is worth. Something has to tell it, and that something is a chain of reporting, aggregation and publication with specific, documented failure points.

Only a Tenth of Tokenized Stock Value Has the Issuer's Blessing

Just 10.7 percent of tokenized equity market capitalisation comes from issuer-sponsored tokens, Crypto Briefing reports. The rest is synthetic or custodian-backed, and the gap is the whole argument about shareholder rights.

Half of Uniswap's Record Month Came From One Chain

Uniswap took $14.81m in monthly protocol revenue, a record, and more than half of it came from Robinhood Chain, where its two deployments cleared $440m of volume in a single day.

Tokenized equity venues look like exchanges but mostly are not. Understanding whether you are facing a hedged market maker, an issuer's inventory, or an automated pool explains almost every strange price you will ever see on one.

A Nasdaq-Listed Company Files Its Notice to Trade Tokenized US Stocks

Perpetuals, run by the former head of FTX Europe, says it has filed a notice of intent to rely on the SEC's five-year conditional exemption for tokenized equities. A 30-day waiting period now runs.

Tokenized Equities Did $3.8bn This Year and Ondo's Share of Issuance Halved

A DWF Labs report puts weekly spot volume on decentralised exchanges at $2.54bn, 55 times the January figure, with Ondo's issuer share down from 56 percent to 26 percent as Binance and Robinhood gained.

AMC's Chief Executive Says the Cinema Chain Will Not Let Robinhood Tokenize Its Shares

Adam Aron said AMC would withhold consent for Robinhood stock tokens in the United States. Under the SEC's new framework, an issuer's objection is enough to keep a token off the board.

A share pays its holder on a record date fixed by the issuer. A token pays whoever a smart contract says held it, after a custodian has been paid, after tax has been withheld, and usually in something other than the dividend itself.

Nine Companies Have Now Told OKX and ICE Not to Tokenize Their Shares

CoreWeave and Broadcom joined the list of issuers objecting to the OKX-ICE stock tokenization venture. Under the SEC's conditional exemption, each objection blocks that company's token from trading.

Ripple's Prime Brokerage Starts Quoting Shares and Gold Around the Clock, Using Hyperliquid's Order Books

Ripple Prime has opened perpetual swaps on equities, ETFs, metals, energy and currencies for institutional clients, referencing contracts listed on Hyperliquid, with trading and settlement running 24 hours a day.

EQX Plans Eleven Stock and ETF Token Markets on Hyperliquid, With Americans Shut Out

The share-backed tokens would trade against USDC on HyperCore, Hyperliquid's central order book, under eligibility rules that exclude US persons.

A Second Company Asks the SEC for Permission to Run a Tokenized Stock Market

Perpetuals.com, listed on Nasdaq and run by the former head of FTX Europe, is applying under the exemption framework the SEC opened for onchain share trading. Only one other venture has gone first.

Most Tokenized Stock Trading Happens When the Stock Market Is Shut

Cointelegraph reports that the bulk of tokenized equity activity on Solana and BNB Chain falls outside US market hours, in a sector it puts at close to $3.3bn.

Morgan Stanley Puts a Date on Tokenised Equities: Early 2027

The bank's digital asset strategy head says it expects to support tokenised equities in the first quarter of 2027 and is building the infrastructure now.

Robinhood Puts $15bn of Stock Token Trading Behind Its First 100 Days

The company says its stock tokens have traded $15bn and reached 200,000 holders since launch, while lending protocol Morpho's dashboard shows roughly $1.1bn deposited on Robinhood Chain.

Three Tickers Carried 55 Percent of the Board

NVDA, SPY and META took $55.1m of $100.5m in 24-hour volume on Robinhood Chain this week, while 103 of the 196 listings did not trade at all.

Redemption is the pipe that connects a token's price to a share price. It is also the pipe most retail holders will never be allowed to use, and understanding why explains most of what a stock token is.

Mergers, delistings, reverse splits and ticker changes all end the life of a share as it was registered. The token tracking it has to be unwound, reissued or frozen, and the rules for that live in the issuer's documents rather than in the contract.

Base Says Its Six-Week-Old Stock Tokens Are Doing $70m to $100m a Day

Jesse Pollak, who created Coinbase's Base network, put daily volume on its tokenized equities at $70m to $100m and said stocks and non-dollar stablecoins will drive the next phase of tokenisation.

Three Small Jurisdictions Issue Most of the World's Tokenized Stocks

Jersey, the British Virgin Islands and the United Arab Emirates account for the bulk of tokenized equity issuance, a concentration that puts a global product line under a handful of regulators.

The IMF Says Tokenised Stock Markets Are Thinner and More Volatile Than the Real Ones

The International Monetary Fund found that tokenised equity markets trade with less liquidity and sharper price swings than the share markets they mirror, even as demand for round-the-clock trading grows.

Securitize Puts Twelve US Stocks on Solana, Backed One for One

Securitize has launched share-backed tokens for Apple, Nvidia, Tesla and nine other names, trading first on its own Solana-based platform with dividends, voting rights and USDC settlement. NYSE and OKX-ICE venues are described as planned.

Issuers of tokenized equities publish attestations, proof-of-reserve feeds and holdings tables, and each one answers a different question. A guide to reading what is there, and noticing what is not.

Every order on a layer 2 passes through a single piece of software that decides what happened and in what order. Here is what that machine controls, what it cannot control, and where the failure modes sit.

Tokenized Stocks Grew 395 Percent and Almost None of It Reached DeFi

RedStone puts tokenized equity supply at about $3.17bn and the slice posted as lending collateral at roughly $81m. Leveraged equity exposure onchain sits almost entirely in perpetual futures instead.

A stock token has no automatic link to the share it names. The price holds because someone can profitably move between the two, and the explainer is really about who that someone is and what stops them.

Tokenised Stocks Did $3.96bn of Weekend DEX Volume, 106 Times Last November

Decentralised exchange volume in tokenised equities reached $3.96bn over the weekend, according to a Crypto Briefing report, a 106-fold increase on November levels and a direct consequence of stock tokens trading when the exchanges are shut.

Every tokenized equity rests on a promise from a legal entity that it holds the share and will hand over the value. This is what that promise is worth in an insolvency, and which structural choices decide it.

OKX and the NYSE's Owner File to Run a 24/7 Tokenized Stock Venue in the US

OKXICE, a joint venture between the exchange OKX and Intercontinental Exchange, has filed with the SEC to offer tokenized shares in more than 60 US-listed companies under the regulator's innovation exemption.

A tokenised share trades every minute of the week. The share itself trades for about 32 hours of it. The gap between those two facts is the whole business of overnight market making, and it is paid for in the spread.

A share does things while you hold it. It pays dividends, splits, gets taken over and votes. An explainer on how each of those events is supposed to travel from the share register to a token balance, and the places the signal gets lost.

Stellar's Real-World Assets Reach $4bn as BNB Chain Passes $1bn in Stock Tokens

Two chains posted round numbers on the same day: $4bn of tokenized real-world assets on Stellar, up 360 percent this year, and $1.1bn of tokenized stocks and ETFs on BNB Chain out of a $3.7bn market.

Robinhood Says the SEC's Innovation Exemption Is a Constraint, Not a Door, for Stock Tokens

Johann Kerbrat, who runs Robinhood's crypto arm, told The Block the firm is still working through the terms of the SEC's innovation exemption before it can bring tokenized stocks to American users.

Base Adds a Forced Transfer Function to the Token Standard Behind Its Stock Tokens

Coinbase's layer 2 shipped its third upgrade of the year, bringing conditional transactions and three changes to B20, the standard underneath its tokenized equities, including issuer-triggered seizure.

Ondo Puts Spot Stock Tokens Next to the Perps That Short Them

Ondo Perps has added spot trading for 12 tokenized stocks and ETFs, and purchased tokens can be posted as collateral against short perpetual positions. Spot fees are waived for 30 days.

TALIS Puts Structured Products on Robinhood Chain's Stock Tokens

TALIS has launched a protocol on Robinhood Chain that builds structured markets around tokenized equities, the kind of payoff engineering that normally lives inside a bank's derivatives desk.

Ethena Starts Backing Its Dollar Token With a Stock Trade

USDe's backing strategy is being extended to tokenized equities on Binance, pairing long bStocks against short equity perpetual futures in the same basis structure Ethena runs on crypto.

Four Brokerages Form a Group to Tie Stock Tokens Back to the Share Register

Bullish, Alpaca, Apex Fintech and DriveWealth want onchain shares recorded in official shareholder books rather than held through an intermediary's balance sheet, following the SEC's innovation exemption.

Robinhood Chain Holds Second Place in Tokenized Stock Balances, Behind BNB Chain

Token Terminal counts 4.3 million tokenized-stock holder balances across chains, with Robinhood Chain on 1.3 million and Solana on 997,000. The metric counts balances, not people.

MoonPay Buys a Registered Broker-Dealer to Get Into Tokenised Securities

The payments firm agreed an all-stock deal worth more than $60m for North Capital, an SEC-registered broker-dealer, days after the SEC opened a conditional path for tokenised stock trading.

NYSE Signs Blockchain.com Up to Explore Round the Clock Tokenised Stock Trading

The New York Stock Exchange and Blockchain.com have agreed to explore offering tokenised US stocks and exchange traded funds, subject to regulatory approval, with two way distribution of market data between the two firms.

A tokenized share is a claim that passes through a broker, a custodian, a central securities depository and an issuer before it reaches your wallet. Knowing which link fails first is the whole analysis.

Near Puts Ondo's Tokenized Stocks Behind a Private Execution Layer

near.com began offering Ondo Finance's tokenized US stocks and ETFs on Tuesday, payable with crypto held on more than 30 networks, with trades that the two firms say are not broadcast publicly. US and Canadian users are excluded.

Robinhood's Stock Token Holder Count Is Up 160 Percent in a Month While the Chain Trades Memecoins

Holder counts for Robinhood's tokenized equities rose about 160 percent over 30 days, Crypto Briefing reported. On the same chain, daily swap volume hit $1.85bn and the busiest venues were general-purpose DEXs.

Every tokenized equity claims one-to-one backing. The differences that matter sit in who holds the shares, whose balance sheet they are on, and what the attestation is allowed to say.

Ondo Lets Institutions Swap Real Shares for Tokens Without Touching Cash

Approved institutions can now mint and redeem Ondo's tokenized stocks and ETFs by delivering the underlying securities rather than buying them, according to Cointelegraph.

Coinbase's Stock Tokens on Base Reach 46,700 Holders After a 97-Fold Month

The holder count for Coinbase's tokenized equities on Base rose roughly 97 times in 30 days to 46,700, according to figures the exchange reported. Holders are not volume, and the distinction matters.

Every tokenized equity is a claim that depends on one queue: the redemption window where tokens go back to the issuer and shares or cash come out. Here is how that window works, what closes it, and what your token trades on when it is shut.

Wall Street Analysts Name the Firms That Gain From the SEC's Tokenised Stock Opening

Goldman Sachs and Citizens told clients the SEC's five-year exemption puts custody, tokenisation infrastructure and stablecoin settlement in play, with Coinbase, Robinhood and Circle named as the near-term beneficiaries.

A tokenized equity only trades as well as somebody's balance sheet allows. This is a walk through the three kinds of market maker standing behind an onchain share, the hedge each one runs, and the hours when all of them step back.

Almost every tokenized equity trade on a Layer 2 passes through a single machine that decides which transaction goes first. Here is what that machine can and cannot do to you, and what the escape hatch actually is.

Crypto.com and Coinbase Both File to Put Perpetual Futures on Single US Stocks

Coinbase has filed to offer perpetual futures on individual American stocks, and Crypto.com has registered with the SEC for single-stock futures, with its chief executive saying sister exchange OG.com has been cleared for US access.

Coinbase's Stock Tokens Become Loan Collateral on Base

Morpho has opened lending markets that accept five of Coinbase's tokenized US stocks as collateral for USDC loans on Base, according to The Defiant. It is the step that turns a tokenized share from a holding into a balance sheet item.

In listed equity markets a clearing house stands between buyer and seller and guarantees the trade. Onchain there is no such party. The risk does not vanish, it moves to the issuer, the venue and the pool.

The SEC Gives Tokenized Stock Venues Five Years Without an Exchange Licence

The Securities and Exchange Commission issued a five-year blanket exemption letting qualifying venues list and trade tokenized US stocks on public blockchains without registering as exchanges. Price-tracking synthetics are excluded, and companies can block tokenization of their own shares.

A tokenized share is not the share. It is a claim that a market maker can usually, but not always, convert back into one. The size of the gap between the two prices is a readout on how hard that conversion is at any given moment.

A tokenized stock trade settles the moment the block confirms. The share behind it still settles the next business day. Everything interesting in onchain equities lives in that gap.

Bitget Wallet Adds a Third Tokenized Stock Brand, and It Is Its Own

From 15 September the self-custodial wallet lists rTokens, tokenized US equities issued by Reality, alongside existing Ondo and xStocks listings. Reality is part of the Bitget ecosystem, and the tokens trade on Arbitrum and Morph.

Corporate actions are the hardest unglamorous problem in tokenized equities. The share does something, and a token contract has to be told about it in time. Here is the mechanism, and where it fails.

Kraken Lends Out Tokenized Nvidia and Moves the Collateral Off Ink

The exchange's new xStocks vaults put tokenized equities and ETFs to work in DeFi lending markets, targeting up to 2 percent a year, and the collateral leaves Ink for Solana to do it.

Robinhood Says Redemptions and Votes Are Coming to Its Stock Tokens

Chief executive Vlad Tenev and crypto chief Johann Kerbrat both said in-kind redemption and voting rights are on the roadmap for Robinhood Stock Tokens, after criticism of what holders actually own.

Three tickers, half the volume: 41 listings sat out the week

Half of this week's $271.5m in tokenized stock volume on Robinhood Chain went through three tickers, and 41 of the 196 listings did not trade at all.

A tokenized stock is two claims stacked on top of each other: a token you control and a share someone else holds for you. Insolvency is the moment those two things get tested against each other.

Onchain Equities Have Passed Governance Tokens on User Engagement

Tokenized stock trading has grown fast enough that equity tokens now draw more user activity than DeFi governance tokens, Crypto Briefing reported, with the caveat that most of it runs through a single platform.

On Robinhood Chain, a Healthcare Stock Is Now a Trading Pair for a Memecoin

Traders on Robinhood Chain are pairing memecoins directly against tokenized equities rather than against stablecoins, Cointelegraph reports, building a corner of DeFi where the quote asset is a share.

A tokenized equity is only as good as the chain of custody underneath it. Here is who holds the underlying share, where the token sits in the legal queue, and what each link can do to you.

Bets on OpenAI's Valuation Arrive in Europe, With Leverage Attached

OKX is offering European users up to 10x leverage on private-company valuations including OpenAI and Anthropic, alongside 100 tokenized stocks and ETFs, as Bybit prepares a European app combining equities and derivatives.

Europe's Markets Regulator Names Tokenized Equities Among the Channels Back Into Banking

ESMA has flagged tokenized equities, DeFi exploits and prediction markets as places where deepening crypto links could carry risk into the traditional financial system, while questioning how Polymarket and Kalshi reach EU users at all.

Nasdaq Puts $100m Into Kraken's Parent and Buys Into the Tokenised Equity Stack

Nasdaq Ventures is investing $100 million in Payward, Kraken's parent, at a reported $21 billion valuation, deepening a partnership aimed at round-the-clock tokenised equity trading.

A stock token trades in an automated pool that has no idea what the share is worth. Everything that keeps the two numbers together, arbitrage, oracles, redemption, depends on a price feed that closes when the exchange does.

Pump.fun Now Lets You Price a New Coin in Tesla, and 93 Pairs Are Live

The launchpad opened quote assets beyond SOL and USDC on Wednesday, including tokenized Nvidia, Tesla and the S&P 500. Half the revenue from the new pairs is routed to a buyback-and-burn contract.

Tenev Draws the Line: A Company Should Not Get a Veto Over Its Own Stock Token

Robinhood's chief executive told CNBC that public companies should not hold veto power over third-party securities referencing their shares, and conceded that holders of the tokens have no voting rights.

Secondary trading in tokenized equities is visible on any block explorer. The primary market that mints and burns the tokens is not, and it is the mechanism that decides whether the price on the screen means anything.

The Market Was Closed and $1bn of Stock Tokens Changed Hands Anyway

The 42 largest tokenized equities traded $1.01bn across Saturday and Sunday, roughly matching the previous Friday's session, with Robinhood Chain taking $572.8m of it. Another $398.3m went through on Labor Day.

One Venue Takes Four Fifths of Base's Tokenized Stock Volume

Aerodrome accounts for more than 79 percent of tokenized equity trading on Base, according to Crypto Briefing, which makes a single automated market maker the effective order book for the asset class on that chain.

Almost every tokenized-equity chain, Robinhood Chain included, runs behind a single ordering machine. Here is what that machine decides, what it cannot decide, and what your position looks like during an outage.

Volume held, participants did not: trading listings fall from 187 to 111

Volume held roughly flat over the week while the number of listings that traded fell from 187 to 111. Three tickers accounted for half of it.

A tokenized share does not trade against an order book. It trades against a curve, and on most chains that curve is built from ranges chosen by a handful of providers. Here is how the depth actually gets there, and what happens when it leaves.

The Stock-Paired Launchpad Trade Jumps Chains, and Solana Now Has One Too

StonkFun, a Solana launchpad that pairs new tokens against stock exposure, integrated with Raydium's LaunchLab on Saturday. Its STONK token rose 250 percent to a $140m market capitalisation, according to The Block.

Tokenized Stocks Reach $3bn Outstanding, With ETFs the Largest Single Slice

The sector's total market value crossed $3bn, led by tokenized exchange-traded funds at $644m, while decentralised exchanges turned over $16bn of tokenized equity in 90 days.

Traders Are Pairing Memecoins Against Tokenized Shares, and the Pools Are Swallowing the Float

A token called BONER ended up holding half the tokenized Hims & Hers shares in existence on Robinhood Chain. The pattern has spread, and it turns thin equity floats into memecoin liquidity.

The Row Over One Cinema Chain's Token Became an Argument About How Stocks Should Go Onchain At All

Hayden Adams likened Robinhood's and Ondo's stock tokens to early stablecoins. Dinari's co-founder called the same instruments worse for investors than ordinary shares. Three competing designs are chasing $2.91bn of tokenized equity.

A trading halt is a feature of a specific venue, not a property of a company. Tokenized equities sit outside that venue, which creates a market that keeps quoting a price nobody can hedge.

A share is not a static object. It pays, it converts, it gets bought out and sometimes it stops existing. Here is how each of those events travels from a company's board resolution to a token in a self-custodied wallet, and where the chain stops being able to help.

STEPN Puts a Walk-to-Earn Token on Robinhood Chain, With Stock Fragments as the Prize

The move-to-earn app has launched STROLL on Robinhood Chain, a scheme in which physical activity is rewarded with fragments of tokenized shares. It is the clearest sign yet that the chain's stock tokens are being treated as consumer loyalty points.

Every onchain equity trade has two legs, and only one of them is the stock. The other leg is a stablecoin, and that substitution is where most of the risk, the cost and the regulatory argument actually sits.

The equity market is closed for roughly two thirds of the week, but the token is not. Someone has to quote a price with no hedge available, and the way they cover that risk is the whole cost of 24/7 trading.

Coinbase Files to List Single-Stock Perpetuals in the US, and Ondo Argues the Law Already Allows It

Coinbase lodged notices with the SEC for round-the-clock perpetual futures on individual stocks, extending a lineup that so far stops at thematic indexes. Ondo told both regulators the existing rulebook can hold the product.

AMC's Chief Executive Says the Company Has Nothing to Do With Its Own Stock Token

Adam Aron publicly distanced AMC from tokenized shares trading against its ticker, reopening the question of what a stock token is when the issuer never agreed to it.

The Hardest Problem in Tokenized Equity Is Not Trading, It Is a Stock Split

A tokenized share is easy to move and hard to adjust. Corporate actions, splits, dividends, mergers, spinoffs, force the token to answer for something that happened off the chain, and there is no single accepted way to do it.

Sports Team Equity Goes Onchain Through a Regime Built for Small Issuers

Securitize will issue tokenized shares in professional sports clubs for the Chiliz Group's Socios, through a European trading and settlement system authorised under the DLT Pilot Regime. That regime admits only issuers below a set size.

The Token That Moved a Nasdaq Stock Was Never a Stock Token

FAMI, the asset traded against the Money Mushroom memecoin on Robinhood Chain, was minted in one transaction with a supply close to Farmmi's entire share count. Farmmi's Nasdaq listing then traded roughly 90 times its usual volume.

The SEC Reopens the Rulebook for Who Keeps the Share Register

The regulator proposed its first broad rewrite of transfer agent rules since the 1980s, explicitly addressing blockchain recordkeeping and tokenized securities, and set an agenda for a roundtable on round-the-clock US trading.

The London Stock Exchange Hands 100 of Its Own Listings to Kraken's Owner

Payward, Kraken's parent and the developer behind xStocks, will tokenize 100 London-listed stocks, with an LSE venue intended to support trading around the clock on weekdays. Regulatory approval is still outstanding.

Who Actually Holds the Shares Behind a Tokenized Stock, and What They Owe You

Every tokenized equity sits on top of a chain of custody that ends at a real share certificate held by a real institution. Understanding who is holding what, under which legal wrapper, tells you what happens when something goes wrong.

A Memecoin Pool Holds Half the Tokenized Hims & Hers Shares in Existence

The BONER/HIMS pool on Robinhood Chain holds 31,198 of the 58,714 tokenized Hims & Hers shares that exist, and with the NYSE shut the token printed $132.64 against a $28.84 Friday close.

Three tickers, half the volume: 39 listings sat out the week

Three tickers took 52 percent of the week's volume on Robinhood Chain, and 39 of the 196 listings did not trade at all.

The NYSE's Owner Just Bought Into a Transfer Agent, Which Is the Boring Half of Tokenization

Intercontinental Exchange is making tZERO a design partner for its planned tokenized securities platform and investing in the firm's latest round. The interesting part is what tZERO brings: transfer-agent and settlement plumbing.

Every issuer says the tokens are fully backed. The question worth asking is what the backing is, who holds it, who checks, and what you can do if the answer turns out to be wrong.

Tokenized Stock Transfers Hit $29.5bn in a Month as Holder Counts Double

Onchain transfer volume in tokenized equities rose 415% over 30 days, with active addresses and holders more than doubling in the same window, according to Cointelegraph.

Forty-Three Pieces in Seven Days, and Fourteen Drafts That Did Not Run

The Ledger's first week in figures: 35 news stories, eight explainers, 80 citations from 20 outlets and no corrections. Of the 43 drafts the dispatch wrote, 14 were rejected before publication, most of them for repeating a story the paper had already run.

Quotrons Burned 60% of Its Own Supply, and Its Stock Venue Has Yet to Run an Epoch

The ERC-404 collection on Robinhood Chain has destroyed 2,667 of its 4,444 tokens to hardwire terminals that earn tokenized stock. The pools those rewards come from sit on Ink, have traded about $56,900 in total, and the S&P 500 ETF is 69 percent of it.

Who Counts as a Holder, and When: The Record Date Problem for Tokenized Stocks

Every dividend, vote and split turns on a snapshot of who owned the share at one instant. Onchain, that instant is a block height, and the two clocks do not agree.

Ink Carries 963 Tokenized Stocks, Five Times Robinhood Chain's Roster

Kraken's layer 2 holds the largest verified tokenized equity roster on any chain this desk counts: 963 companies issued by Backed Finance, against 196 on Robinhood Chain. Most of them are held by a single address, which is what a market looks like before it opens.

What Settlement Really Means When a Tokenized Stock Changes Hands

The token moves in a block. The share behind it usually does not. This is the gap between onchain finality and the legal transfer of ownership, and who carries the risk while it is open.

Coinbase's Four Stock Tokens Did $125m of DEX Volume in Four Days

Tokenized shares issued by Coinbase and traded on Base cleared roughly $125m of decentralised exchange volume within four days of launch, according to Crypto Briefing, while Uniswap's weekly tokenized-stock turnover rose by $325m.

What Happens to Your Token When the Company Splits, Merges or Gets Bought

Dividends are the easy corporate action. Splits, mergers, delistings and tender offers are where tokenized equity wrappers actually get tested, because each one changes what the token is supposed to represent.

Ondo's Tokenized Equity Index Reports 59,000 Holders Across Chains

Ondo Finance says its FXIon product has reached 59,000 holders spread across multiple blockchains, one of the few tokenized-equity instruments now publishing a holder count rather than a notional.

Tokenized Equity Volume Went From $16bn to $590bn, and Nobody Agrees What the Tokens Are

CoinDesk's indices desk puts perpetual futures volume on tokenized equities at more than $590bn over a year, up from $16bn. The growth is not the interesting part. Two tokens under one ticker can carry entirely different rights.

Two Memecoins Traded 92% of the Volume of All 196 Tokenized Stocks on Robinhood Chain

Robinhood Chain lists 196 tokenized equities. 148 of them did not trade at all in 24 hours. Two memecoins on the same chain traded 92 percent of the volume of the entire tokenized stock market, and one of them out-traded NVDA by 1.8 times.

What Happens to a Tokenized Stock When the Company Pays a Dividend

Splits, dividends, mergers and ticker changes are routine in equity markets and awkward onchain. Here is the plumbing that decides whether your token still tracks the share it claims to track.

Bitwise Builds Index Products Out of Coinbase's Stock Tokens, and Only One Is Live

The ETF issuer has launched self-custodied, auto-rebalancing portfolios of Coinbase-issued tokenized equities on Base. The Mag7X strategy holds four tokens; the AI and robotics models are still labelled coming soon.

Arcus Turns Perp Accounts Into Tokens You Can Send to Someone Else

Robinhood Chain exchange Arcus has wrapped perpetual-futures positions into transferable ERC-20 tokens, and says tokenized stocks can sit behind the leverage as collateral.

Coinbase Puts Four Tokenized Stocks on Base, With $3m of Day One Liquidity

Coinbase's B20 equity tokens covering Nvidia, Apple, Meta and Alphabet went live on its own Layer 2 for non-US users, issued under an Abu Dhabi framework with shares held by custodian Alpaca and prices fed by Chainlink.

Who Actually Provides Liquidity for a Tokenized Stock, and What Happens at 4pm

A tokenized equity trades 24/7 against a market that does not. This explainer walks through who quotes it, how they hedge, and why spreads widen the moment the underlying venue closes.

Uniswap's Founder Says Tokenized Stocks Should Trade Against Index Funds, Not Dollars

Hayden Adams broke a blogging silence dating to 2019 to argue automated market makers will take the largest markets. A former XTX trader replied that they are heading to zero.

Robinhood's Chief Makes the Public Case for Tokenized Stocks, Days After the SEC Parked His Shortcut

Vlad Tenev published an argument for tokenizing US equities five days after the SEC set aside its innovation exemption for a second time. Robinhood Chain, meanwhile, printed a fresh TVL high.

What a Tokenized Stock Actually Is, and What You Own When You Hold One

A tokenized stock is almost never the share. It is a claim on someone who holds the share, wrapped in code, and the quality of your position depends entirely on who that someone is.