Gate Ventures(@gate_ventures):We know the Memestocks play on @RobinhoodApp Chain went viral, but how do these stock tokens actually work? Robinhood Assets (Jersey) Limited (RHJ) issues them as ERC-20 tokenized debt securities. They provide exposure to the underlying stock’s price, but do not represent direct ownership or grant shareholder rights. Bitstamp Global Limited (BBVI), acquired by Robinhood, is the sole Authorized Participant. Only KYB-approved APs can mint and redeem stock tokens directly with RHJ; Regular users and developers can only buy existing tokens on the secondary market.

Gate Ventures

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Gate Ventures@gate_ventures

2026.09.09 05:36

We know the Memestocks play on @RobinhoodApp Chain went viral, but how do these stock tokens actually work? Robinhood Assets (Jersey) Limited (RHJ) issues them as ERC-20 tokenized debt securities. They provide exposure to the underlying stock’s price, but do not represent direct ownership or grant shareholder rights. Bitstamp Global Limited (BBVI), acquired by Robinhood, is the sole Authorized Participant. Only KYB-approved APs can mint and redeem stock tokens directly with RHJ; Regular users and developers can only buy existing tokens on the secondary market.