Distribution is only the starting point. Robinhood's success will depend on whether it can turn tokenized assets into usable credit. Millions of funded accounts do not automatically become onchain capital. Users still need a compelling reason to move onchain: better yield, new assets, 24/7 markets, and, more importantly, the ability to unlock leverage without selling what they already own. The real opportunity begins when tokenized stocks become usable collateral. Robinhood brings tokenized stocks onchain and Lighter takes the next step by allowing those assets to be used as collateral. Instead of simply holding tokenized equities, traders can deposit them directly and open perpetual positions without needing separate USDC or additional margin. But as more Perp DEXs, lending markets, and DeFi protocols begin accepting tokenized stocks as collateral, a new problem appears. Every protocol still manages collateral independently, forcing users to split capital and overfund multiple accounts. This is where a Credit Layer becomes necessary. Instead of locking collateral inside individual protocols, Mobius gives users a single Credit Account where their entire portfolio becomes one source of buying power. If the portfolio is healthy and well hedged, it becomes borrowable collateral. Users can borrow against their portfolio, deploy capital into new opportunities, and trade across multiple venues without moving collateral. Robinhood brings tokenized assets onchain. Lighter turns them into productive collateral. Mobius turns productive collateral into productive credit. That's what gives traders a reason to stay, not because everything is onchain, but because their capital works harder there