Robinhood tokenizes stocks on Arbitrum One for its EU users: each token is backed 1:1 by a real share, minted when someone buys and burned when they sell. This is phase 1 of 3, and the numbers below track it live.
Shares are held by a US-licensed broker-dealer. We exclude $1.5M of privately listed shares (SpaceX and OpenAI) that were given away to users: they aren't tradable yet and their tokens have been burned while the shares sit in a “Special Purpose Vehicle” (2).
Overview of All Tokenized Stocks
All the stocks Robinhood has tokenized on Arbitrum One to date excluding the privately listed shares (mentioned above) which have been burned.
Individual Stock Chart
To Catch A Token - Robinhood's presentation
Phase 1
Robinhood announced its first step toward self-custodial stocks and stocks in DeFi with “To Catch A Token” on June 30th (1). It launched in the EU with 204 stocks, each its own token, initially on Arbitrum One. Robinhood also plans its own Layer 2, built on the Arbitrum Orbit stack.
Vlad Tenev (Robinhood CEO) outlines the first phase of the tokenization process live in Cannes, France (1). In this example, we can see a user buying an Apple share → Which is received by Robinhood’s backend → Instructions are sent to a US Broker, which buys and custodies the share from a TradFi market → This then gets sent to Robinhood's “Tokenization Engine” → Once the token has been minted Robinhoods backend logs this and the user can see that they have bought a share. This is live and tradable 24 hours and 5 days a week
Currently, the amount of tokenized shares seems to update daily, meaning changes in token supply reflect a net change rather than individual trades. When this changes we will explore tracking trade volume
Phase 2
In the “next few months”, Robinhood hopes to launch its second phase. Robinhood will use Bitstamp to enable trading of the tokenized stocks during weekends, meaning stocks can finally be traded 24/7 within the Robinhood app.
Phase 3
Also “a few months away”, Robinhood hopes to release its most ambitious phase. This phase allows users to withdraw their tokenized shares directly into their wallet. From there, users can self-custody these assets and use them to interact with DeFi.
This page is a data tracker for informational and educational purposes only. It is not investment advice or a recommendation to buy or sell any security or token. It does not consider your objectives, financial situation, or needs. Data may be incomplete, delayed, or inaccurate. Do your own research.