New Non-US Tokenized Stocks are now live and tradable on Prism.
independent verification for tokenized assets is now live on prism.
here:
this is the first step of fixing the biggest issue the RWA ecosystem is facing now and which is scaring off HNW investors: verification and proof of reserves.
we have now built a 5 layer verification tier for each asset on prism and you know whats crazy?
half of the assets now in the RWA world are not even real. they are just trading backed by pure vapours and nothing else lol.
now you can manually verify each asset and get a complete audit report.
also for a lot of tokenized assets, the contracts for the underlying assets already expired years back, so now that asset which was backed earlier is not backed legally now.
this creates an immense risk for investors.
we found out that 4 tokenized assets from one of the famous issuers out there for tokenized stocks have expired contracts lol.
but we delisted those assets.
but just know that, a lot of assets out there are not really backed even assets by the biggest issuers out there.
verification was the biggest issue that wasnt solved neatly till date and we are building a proper immutable verification layer to build a foundation for the future of RWAs.
also OSINT tool and custodian information for each asset are being worked upon and shall go live soon.
most of the swiss vaults dont report data transparently eventho the vaults are genuine which makes OSINT a bit harder.
we are working on solving this issue too.
lets build
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Independent Verification for Tokenized Assets.
Now live on Prism.
Check it out here:
Independent Verification for Tokenized Assets.
Now live on Prism.
Check it out here:
the first dapp is now live on prism testnet.
prism rwa futures now live at:
so here are a few things i wanted to share (please read these very carefully):
prism protocol now operates multiple tools and products.
the website will be very smooth and very user friendly in V5 and a user wont be confused or exhausted because we are neatly restructuring it.
the real trading and transactions occur on the site: only
and the other link is for testnet.
so whats the difference?
testnet is where we test dapps first before migrating them into Prism chain mainnet.
the real product stays at:
testing happens on testnet:
so here's how it works in simple words:
- people trade on prism protocol
- we test the products on testnet for prism L3 compatibility
- products will be migrated to prism mainnet
- people continue trading on prism protocol as usual
for a user, testnet makes no difference because they can continue using prism as usual.
so does a user need to bridge funds to Prism mainnet?
no, you can keep trading exactly like how you used to do it before.
but $PRISM is on robinhood and the asset is on another chain, how is gas paid?
your $PRISM tokens will automatically get locked in a vault on Robinhood Chain, and the Prism chain credits you the same amount to spend on fees (1:1 escrow)
for example, it's like paying cash and receiving chips in return to play with in a casino, but everything is automatic and you dont have to do anything.
what if a user doesnt have $PRISM and we dont want to push them to mandatorily own it to use the protocol?
they pay the gas in native tokens and we pay the equivalent gas in $PRISM so that a user doesnt have to touch $PRISM at all while the equal amount of gas in $PRISM is spent too
i hope this clears 90% of your doubts haha
letsgoooooo, pls lemme know if you dont understand anything at all.
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The first DApp is now live on the Prism Testnet.
Prism RWA Futures is now live at:
You can now connect your wallet, receive test tokens, and try it out.
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The first DApp is now live on the Prism Testnet.
Prism RWA Futures is now live at:
You can now connect your wallet, receive test tokens, and try it out.
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Prism is now its own blockchain (orbit L3) on top of Robinhood.
Prism L3, an Arbitrum Orbit L3, chain ID 42063, settling to Robinhood Chain testnet as its parent.
You can add the Prism L3 testnet to your wallet here:
i believe this is the first ever child chain of Robinhood, and this will open doors for more teams to build more L3s on Robinhood and help onboard so many more teams to contribute to the ecosystem.
hey
@vladtenev @RobinhoodCrypto @fern @arbitrum
we built the first ever child chain of robinhood, and we would need some acceleration and growth support to scale and operate.
is it possible for you guys to assist us with a personal BD or someone who can help us manage it better ?
we took care of everything, including hosting, already on our own.
and we will offer gas subsidies to people to transact on prism chain even though robinhood gas subsidies are coming to an end. so can we get some prioritised or subsidised gas to run our protocol?
we are building a futuristic infrastructure for RWAs, and we expect a lot of growth and volume in the future as RWAs are about to blow up.
Expecting your support!
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Prism is now its own blockchain.
We built our own child chain, an Orbit L3, that runs on top of Robinhood Chain.
Prism L3, an Arbitrum Orbit L3, chain ID 42063, settling to Robinhood Chain Testnet as its parent.
Over the past months we have built a large range of applications, tools, infrastructure, products, and core protocols. Running our own L3 lets us operate all of it far more efficiently and with far more control, instead of building inside the same shared infrastructure as everyone else. It also means we are no longer constrained to building every dapp within a single protocol we do not control.
Our native token $PRISM (0x20024E485c0B22b42855589700721b28320A7777) will be the gas token on Prism L3, in place of ETH.
You can add the Prism L3 testnet to your wallet here:
What this gives us:
- Our own gas token: Every transaction on Prism L3 is paid in $PRISM.
- Our own sequencer: Prism controls transaction ordering on its own chain, so we no longer compete with other Robinhood protocols for block space, and we set the ordering rules.
- Dedicated block space: Our throughput is ours alone and is not slowed by congestion from other protocols.
Chain-level compliance and permissioning, which is the essential capability for a real world asset protocol.
- Execution customization, so Prism can build its own infrastructure natively and far more efficiently.
- Sovereign governance and our own choice of data availability model.
This is what takes Prism from an application to a platform, in the way Robinhood is a platform.
Prism Testnet will soon be available to public and Doc will be shared soon.
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Prism is now its own blockchain.
We built our own child chain, an Orbit L3, that runs on top of Robinhood Chain.
Prism L3, an Arbitrum Orbit L3, chain ID 42063, settling to Robinhood Chain Testnet as its parent.
Over the past months we have built a large range of applications, tools, infrastructure, products, and core protocols. Running our own L3 lets us operate all of it far more efficiently and with far more control, instead of building inside the same shared infrastructure as everyone else. It also means we are no longer constrained to building every dapp within a single protocol we do not control.
Our native token $PRISM (0x20024E485c0B22b42855589700721b28320A7777) will be the gas token on Prism L3, in place of ETH.
You can add the Prism L3 testnet to your wallet here:
What this gives us:
- Our own gas token: Every transaction on Prism L3 is paid in $PRISM.
- Our own sequencer: Prism controls transaction ordering on its own chain, so we no longer compete with other Robinhood protocols for block space, and we set the ordering rules.
- Dedicated block space: Our throughput is ours alone and is not slowed by congestion from other protocols.
Chain-level compliance and permissioning, which is the essential capability for a real world asset protocol.
- Execution customization, so Prism can build its own infrastructure natively and far more efficiently.
- Sovereign governance and our own choice of data availability model.
This is what takes Prism from an application to a platform, in the way Robinhood is a platform.
Prism Testnet will soon be available to public and Doc will be shared soon.
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prism explorer is now live.
here:
we built an etherscan kind of block explorer to track all the tokenized stock transactions in realtime.
here you can track all transactions across all blockchains, not just robinhood, and it calculates all metrics in realtime too.
this will help you understand and learn about all the trades happening rn on all the tokenized stocks.
we just added tokenized stocks for now and will add all the assets soon.
you can also find a wallets history here too.
this particular feature is part of one of the biggest ever upgrades we are about to announce soon.
pls check it out and lemme know what you think.
we are still working on V5 and it should go live this week and ill make sure you will love it.
letsgooooo
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Prism Explorer is now live.
Now you can track every tokenized stock transactions in real time across all networks.
Check it out:
tokenized stocks will be available to trade for US citizens on 17th October. (as per the new SEC exemption)
prism currently hosts around 1207 tradable tokenized equities by 7 issuers, with a total available market value of $1.6B.
currently prism is the biggest venue to trade tokenized stocks from at least 11 countries:
- US
- Netherlands
- China
- Taiwan
- Denmark
- Japan
- Germany
- UK/Sweden
- Sweden
- Canada
- South Korea
so with tokenized equities becoming legal in the US, the RWA wave is not so far from here.
we are building every infrastructure possible to trade RWAs, provide liquidity, improve the trust layer, onboard more issuers across both equity and exotic assets, permissioned dexs, synthetic pools etc to position ourselves as the go to place to trade RWAs.
this is just the beginning of RWAs because the expected market cap is about to hit $16T by 2037.
tokenized assets, permissioned dexs, programmable RWAs, exotic assets, proof of reserves and rewards on prism.
lets build.
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Tokenized Stocks Are Coming to the US.
Starting October 17th, US citizens will be able to legally trade and own tokenized stocks under the new SEC exemption.
US citizens will gain access to more than 1,200 tokenized stocks from 7 issuers across 11 countries on Prism.
And we are just getting started.
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hey fam,
(⚠️pls read this, very critical and important⚠️)
a lot of people reached out to me mentioning that they are confused because there are a lot of features and so many tabs on the site.
V5 is nothing but the next version of the website, but this holds so much weightage if we want to win the long term game here.
im currently working on V5 on priority and V5 should be a version with no issues, and when a HNW investor visits the site, he should not get lost.
but now the UI/UX is being designed basically with my ideation and imagination and what feels simple to me.
but thats a blunder any builder can make, the goal here is to make it usable for you guys, not me haha.
now i want you guys to help me with this:
> what changes would you expect that would make the site simpler?
> what features should be shown and what should not be?
> if you had $100K rn to invest in RWAs and visited prism, what would you expect to see that would impress you and make you invest at first glance?
> what is the biggest UX glitch a user can face on any trading platform or marketplace?
forget RWAs for a minute and lets hypothetically consider that we are an ecommerce platform competing with amazon itself, what would it take to win against them?
lets say today you are the founder of prism and its your website, what changes would you bring in to do a better job than me?
what would make your prism better than my prism? and how would your prism win over my prism?
please help me with this as protocols success is your success more than mine.
you will build more wealth overtime than me here.
lets say we are competing directly and trying to vamp robinhood in the RWA sector (just imagine for a moment) and tell me how i would beat vlad and build a better protocol?
list every suggestion that comes to your mind pls and help us build it much more efficiently.
because phase-1 for prism is almost over and now we need to start onboarding more people before someone else with huge capital starts competing with us.
and mainly for trading competition, the site should be well prepared.
just know that
so pls lemme know!
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hey fam, good morning.
futures and options for RWAs are going live this week.
today we will neatly brainstorm, ideate and curate the phase-2 roadmap for prism and will let you guys know
(phase-2 will start with a $50k trading competition).
today we will work on:
- finetuning V5 for launch
- improving emissions and polishing permissioned dex, synthetics and other pools.
- adding more cool assets and aggregating more liquidity.
- rwa perps
- improving terminal and Corgi.
and many more, i just listed a few.
there's a lot more advancements and simplifications coming to the protocol with V5 so both experts and beginners can use the site seamlessly.
having beginner and advanced panels right after logging in is much better.
also, we are actively working on onboarding more issuers for the permissioned dex too.
lets build for 16 hours straight today, together.
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Futures & Options for RWAs.
Coming soon.
the first ever programmable RWAs are now live on prism.
you can now set SL, TP, buy/sell orders and other limit orders on all the live and tradable assets on prism.
here's how exactly it works:
> a user deposits funds into the self-custody vault contracts
> he sets the limit orders and triggers
> the order will be processed and the funds will be transferred into the same vault
> user can export the vault into an external wallet or withdraw funds to his primary wallet, as the vault will only be accessible to the user (completely non custodial on prisms side)
as the biggest feature and user necessity that was missing in the RWA ecosystem was easily accessible trading tools and programmable assets, we built it to make sure the trading and investing flow goes very smoothly and without any hassle for the user.
this is still new so if you come across any issues or bugs pls lemme know.
letsgoooo
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The First Ever Programmable RWAs Are Live on Prism.
Now you can set stop losses, take profits, limit orders and standing buy and sell orders on 1,200+ tokenized stocks, gold, precious metals and commodities.
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hey fam, good morning.
tokenized oil is now live and tradable on prism.
you will now be able to invest in a fraction of oil without any investing minimums and you can start investing from $1.
today we will work on:
> finetuning prism V5 for launch with improved UI/UX both for web and mobile
> working on polishing prism dex and new pool models
> adding more cool assets and asset classes.
> finetune programmable assets for launch
> work on finalising the trading competition
> work on polishing installable web apps
and many more, i just listed a few.
mondays back and there's a lot of stuff that needs to be worked on this week.
lets build for 16 hours straight today, together.
letsgoooo
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Tokenized Oil is now live and tradable on Prism.
hey fam, now that tokenized equities are going viral, i wanted people to know some analytics.
everytime we mention fragmented liquidity and how prism dex pools solve this issue, people dont really understand what exactly i mean by that.
so i spent the last few hours analyzing real liquidity conditions in the market.
so there are more than 1250 tokenized stocks available to trade onchain.
but you know whats crazy?
the only stocks that have tradable liquidity are: $SPY, $GLD, $CRCL, $NVDA, $SPCX, $COIN, $AAPL, $GOOGL, $TSLA
these are the only tokens that can take a $50K+ fill.
and $MZN, $HOOD, $MSTR, $QQQ, $MSFT and a few more have some amount of liquidity which can take upto a $50k fill.
thats it, only 25 out of 1250 tokenized equities are actually tradable lol and the remaining 1225 tokenized equities are almost illiquid and act as onchain penny stocks lol.
so when the term "tokenized stocks, tokenized equities" is going viral, everyone's talking about only these 25 particular stocks.
thats how serious the liquidity issue we are facing is.
and billions of dollars in daily volume big RWA institutions and protocols mention come from these only.
86% of the total trading volume of RWAs comes from a very handful of assets.
RWA is going viral currently but with this fragmented liquidity it will mostly become a bubble rather than a serious financial infrastructure of the future.
also considering the technological infrastructure DeFi has rn, RWA does not even have 10% of that.
so when you guys ask me why does someone need to build a RWA superapp, this is the exact reason.
lets say we focus on one section of the ecosystem and wait for twenty other teams to show up within the next decade to build the remaining sections and somehow hope we all can connect together and build RWAs as a real financial system?
highly unlikely imo.
thats why having one protocol building everything is better in such sectors to have long term sustainability.
and theres nothing called focusing on one single thing here because everything is interlinked, one thing fails and the whole system fails lol
so everything should be intact irrespective of anything.
we are positioning prism exactly to solve this and now we are still a small infrastructure so people think this might not really happen.
but overtime, everything picks up, institutions and HNWs start to show up, liquidity injections will come, people start to tokenize cool stuff
but who will provide the infrastructure and connect all of them? it will be us
why? because theres not one single entity doing this yet except us and before someone tries to compete with us we will be ten steps ahead with the real experience and futuristic infra.
these are just my thoughts that i wanted to share for a long time and wanted to give a fact check to people about the liquidity issues on tokenized stocks hype.
lemme know what you think fam.
whatever, we keep shipping.
lets build for 16 hours straight, tomorrow.
goodnight!
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