RWA tokens on Robinhood Chain

What RWA means here

Real-world assets (RWA) are traditional assets represented by a token on a blockchain. On Robinhood Chain the largest set is Robinhood’s own stock tokens — on-chain versions of listed shares and ETFs such as TSLA, NVDA and AAPL. Robinhood’s registry currently lists 203 of them.

What a Robinhood stock token is

Each one is a tokenized debt security issued by Robinhood Assets (Jersey) Limited that tracks a share. It is an ordinary token on-chain — it can be held, transferred and traded in pools — but it is not the share: it carries no ordinary shareholder rights, and it adds issuer, contract and on-chain market risk.

How the on-chain price relates to the share

The share’s price, adjusted for splits and dividends, gives each token a fair value. The token’s own price comes from its on-chain pool, so it can sit above the share (a premium) or below it (a discount). Only approved institutions can create or redeem the tokens, so the gap can persist, and outside US market hours the share side stops updating while the token keeps trading. The TSLA example, with today’s numbers.

Most traded right now

• NVDA token — NVIDIA, $462.72M traded in 24h
• INTC token — Intel, $147.25M traded in 24h
• SPCX token — Space Exploration Technologies Corp. Class A Common Stock, $103.47M traded in 24h
• TTD token — Trade Desk, $99.85M traded in 24h
• IREN token — IREN Limited, $86.72M traded in 24h
• WULF token — TeraWulf, $57.15M traded in 24h
• QQQ token — Invesco QQQ, $54.91M traded in 24h
• AMZN token — Amazon, $51.52M traded in 24h
• AMD token — AMD, $51.26M traded in 24h
• SPY token — SPDR S&P 500 ETF Trust, $50.28M traded in 24h

From the on-chain pools, updated 14 min ago.

Lookalikes

Many tokens on Robinhood Chain borrow a stock’s ticker without being Robinhood’s token. A name is not proof either way; the contract address in Robinhood’s registry is. How to tell them apart.