News, data and analysis on tokenized assets, market design and digital economic systems.
Retail brokerage and crypto platform whose Stock Tokens, issued as tokenised debt securities by Robinhood Assets (Jersey) Limited, give economic exposure to a reference security without legal ownership and, since 1 July 2026, can be moved into lending pools on its own layer 2.
Nasdaq-listed retail brokerage and crypto platform reporting 27.7 million funded customers and $377bn of platform assets as at 31 May 2026, with US securities trading offered through Robinhood Financial, a FINRA member. Its Stock Tokens are tokenised debt securities issued by Robinhood Assets (Jersey) Limited that give economic exposure to a reference security without conferring legal ownership or shareholder rights, are available in more than 120 countries, and since the mainnet launch of Robinhood Chain on 1 July 2026 can be moved into lending pools on the firm's own Arbitrum-based layer 2. It completed the $200m purchase of Bitstamp on 3 June 2025, acquiring more than 50 licences and registrations and an institutional client base outside the United States, which is how it reaches markets where the token structure is permitted.
Developments in which Robinhood Markets, Inc. is a named party, newest first.
The Innovation Exemption lets a Tokenized Securities Venue trade tokenized listed shares on an automated market maker without registering as an exchange, until September 2031.
The complaints allege the pair learned which tokens Robinhood would list from a private Slack channel and bought perpetual futures on Hyperliquid before each announcement, making more than $50,000 each.
The European supervisor's second risk monitor of the year puts the tokenized equity market at about EUR 1.9bn, almost all of it wrapped claims whose transfer conveys no legal title, and says Polymarket and Kalshi lack the authorisation the EU…
AMC's chief executive calls the practice abhorrent and asks whether the shares backing the tokens can be lent to short sellers.
Kraken opened US stock trading across the European Economic Area this morning and says the traditional share and its tokenized version now sit side by side in one regulated account.
The newest federally designated prediction market filed its fifth suit against a state attorney general in eleven days, and this one is in the state where a federal judge refused the CFTC the same relief on 28 July and said the exchanges were the…
The city filed two complaints in the Circuit Court for Baltimore City on 13 August under an ordinance of its own, and the Kalshi case also names Robinhood, Webull and Coinbase, because each takes a fee on every event contract sold through its…
More than 50 cryptoassets went into the main Robinhood app for British customers on 10 August, traded through Bitstamp UK Ltd, with no trading, custody or account fee and a 0.10 per cent charge on the currency conversion that rises to 0.30 per cent…
Robinhood began operating Robinhood Chain on mainnet on 1 July 2026, alongside round-the-clock tokenized stock trading, perpetual futures and onchain lending. The tokens give price exposure rather than direct share ownership.
Release 34-106402 grants temporary conditional relief to Tokenized Securities Venues from the exchange definition and to certain liquidity providers from the dealer definition, until 17 September 2031. Smart contracts must sit on a public permissionless ledger, issuers can object to third-party tokenizations, and Tier 1 trading is capped at 75 symbols and 0.25 per cent of prior-month volume.
Complaints unsealed in Manhattan allege Hefu Chai and Huaisong Xiang learned of forthcoming Robinhood Crypto listings on a private Slack channel and bought perpetuals on Hyperliquid before each announcement, making more than $50,000 each. The pleading says the venue holds no CFTC approval for a futures market and geofences United States addresses.
The supervisor's second risk monitor of 2026 puts tokenized equities at about EUR 1.9bn, nearly all of it wrapped claims that convey no legal title, and warns that multiple representations of one share fragment liquidity. It states that the largest prediction market platforms hold no EU authorisation and questions their partial geo-blocks.
Vlad Tenev told CNBC that a listed company cannot control securities other firms issue referencing its shares, and would not say how Robinhood will vote the shares held against its Stock Tokens. Robinhood's own pages say the tokens are debt securities of an unregulated Jersey issuer conveying no legal or beneficial rights in the underlying.
Ludlow Exchange, trading as Novig, filed a 45 page complaint in the Western District of Wisconsin on 14 August 2026 seeking a declaration that the Commodity Exchange Act preempts the state's gambling statutes. It is its fifth suit against a state officer since 4 August, and it follows a federal court in the same state refusing the CFTC the same relief on 28 July.
The city filed two complaints in the Circuit Court for Baltimore City on 13 August 2026 under its Consumer Protection Ordinance. The Kalshi case also names Robinhood, Webull and Coinbase, pleading that each takes a fee alongside Kalshi on every event contract bought through its prediction markets hub, and seeks penalties, an injunction, disgorgement and restitution.
Robinhood said on 10 August 2026 that more than 50 cryptoassets were going into its main UK app, traded through Bitstamp UK Ltd, which is registered with the Financial Conduct Authority as a cryptoasset service provider. There is no trading, custody or account fee; a 0.10 per cent fee applies to the currency conversion, rising to 0.30 per cent between Friday and Sunday evenings in New York.
Robinhood began offering more than 200 tokenised US stocks and exchange-traded funds to customers in 30 EU and EEA countries, issued on Arbitrum and traded with no commission or added spread from Robinhood. The company said it was also building its own layer-2 network, based on Arbitrum technology, for tokenised real-world assets.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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