Heading to Korea Blockchain Week. It’s been an exciting & busy time for @RobinhoodCrypto, with lots to talk about onchain and off. Ready to keep the conversation going during a fireside chat on 10/1 moderated by @CamiRusso from the @DefiantNews, alongside Eddie Zhang (@epic_edge_) from @arcus_xyz, talking DeFi, tokenization, and where we fit in. Anything you want us to cover? Let me know in a reply. See you there.

As a former engineer, I know experimentation is often how novel primitives find their footing, and reach users who are interested in something different. For too long, markets have been walled off from those who want to do more with their money, and from developers who want to create something new. Financial assets deserve to be building blocks for innovation. Robinhood Chain welcomes this mindset and we built our Stock Tokens to be composable for that reason.

Dividend benefits for Stock Tokens are getting an upgrade. Dividend benefits are now applied automatically on the ex-dividend date instead of weeks later on payment day. That means more immediate stock-equivalent economics from day one, no dividend dilution after the ex-date, and tighter pricing. Already live across most Stock Tokens, with more to come 🔥

The SEC innovation exemption is a signal that tokenization is ready to come to the United States. This is a major step by the agency and will allow liquid tokenized securities markets to develop onshore. Smart regulation accelerates innovation. Looking forward to what we build next.

With Stock Tokens TVL reaching over $170M and nearly $50B in DEX volume on the Robinhood Chain, we are getting more questions about what they are and how they work. All Robinhood Stock Tokens are backed 1:1 with real shares in secure custody. And Stock Tokens receive the economic equivalent of dividends and corporate actions returns reinvested into their holdings. In other words, when a new Stock Token is minted, we buy a real share of the company at the same time. What about in-kind redemption and voting rights? Not yet, but they’re coming. Step one is to scale adoption of Stock Tokens. We’re actively working on redemptions for shares 1:1 with voting for eligible Stock Token holders on the roadmap. We know how to do this well: we run a shareholder engagement platform, Say by Robinhood, which allows shareholders to participate in actions like voting. What about the technology? We built Stock Tokens to be composable, which allows developers to build new innovative offerings like we have seen the past few weeks, with many that we have yet to discover. What am I the most excited about? Billions of people in the world don't have access to U.S. investment assets. With Stock Tokens, that era is ending. Any eligible customer with a phone and an internet connection can now get exposure to the most exciting market in the world.

More than 72% of Robinhood Stock Token volume is happening after hours & on the weekend. The world doesn’t stop moving when exchanges close, so why should customers have to wait before acting? This is what tokenization permits. Enjoy your weekend off onchain ;)