Stocks News

Robinhood Crypto Chain’s $146M Tokenized-Stock Bet Faces Its First Fee Test

Robinhood's newly launched Ethereum layer 2 network, Robinhood Chain, has accumulated $146 million in tokenized stocks since its July 1 debut. This growth occurred while Robinhood subsidized transaction fees, a promotion scheduled to expire on September 29. The transition to user-paid gas fees represents a critical test for the network, as analysts anticipate a potential decline in activity once the subsidy ends. Despite the uncertainty, Robinhood and BNB Chain have collectively captured 88.2% of tokenized-stock trading on decentralized exchanges as of early September. While BNB Chain maintains a larger absolute balance of $1 billion in tokenized stocks, Robinhood has demonstrated significant momentum with $156 million in recent inflows. The network, built using Arbitrum technology, aims to leverage Robinhood's 28.4 million funded customers to drive on-chain revenue. Whether this early adoption translates into durable, fee-generating usage remains the primary question for the platform's long-term viability. Stabilization of activity following the fee implementation will serve as a key indicator of genuine market demand for Robinhood's tokenized offerings.

finance.yahoo.com·Sep 21, 20267.5

Johann Kerbrat: Robinhood's Tokenized Stocks Hit $1.2 Billion Daily Volume, 70% Outside Market Hours

The SEC recently introduced an innovation exemption allowing tokenized U.S. equities to trade on blockchain platforms, provided they meet strict requirements for shareholder rights and auditability. Johann Kerbrat, representing Robinhood, highlighted that this regulatory shift marks a transition for tokenization from an offshore curiosity to a viable U.S. market product. Currently, Robinhood's stock tokens function as debt instruments backed by underlying shares rather than direct equity, creating a strategic fork as the firm evaluates building compliant, high-fidelity tokenized securities. Data from the first two months of Robinhood Chain shows that 70% of trading volume occurs outside traditional market hours, signaling significant demand for 24/7 financial infrastructure. While Robinhood leverages Ethereum for security and decentralization, the company faces challenges regarding price divergence and the need for a unified federal regulatory framework. Kerbrat emphasized that the long-term goal is a singular, blockchain-based market that renders the distinction between traditional and new systems obsolete. Looking ahead, Robinhood plans to expand its tokenization efforts beyond equities into private equity, real estate, and additional commodities.

finance.biggo.com·Sep 21, 20268.5

Ondo Finance Launches In-Kind Conversion, Letting Institutions Convert Underlying Shares Directly Into Tokenized Stocks

Ondo Finance has launched an in-kind conversion feature for its Ondo Stocks product, allowing approved institutions to mint and redeem tokenized stocks and ETFs directly using existing share inventory. Developed in collaboration with Alpaca through its Instant Tokenization Network (ITN), this new primary market route eliminates the previous requirement for cash-funded flows. By enabling institutions to contribute shares directly from their Alpaca accounts to mint tokens, the process removes financing costs and timing mismatches associated with sourcing separate cash. This integration automates the conversion process, facilitating faster movement between traditional share inventory and onchain positions. The update is designed to improve capital efficiency for market makers, allowing them to replenish token inventory more effectively. Consequently, this development supports tighter spreads and deeper liquidity for Ondo Stocks across secondary markets, exchanges, and DeFi applications. This move represents a significant step in bridging traditional financial market liquidity with blockchain-based tokenized assets.

prnewswire.com·Sep 21, 20267.5

Could IBRX Be A Tokenized Stock? Founder’s Tease Sends ImmunityBio Traders Into Speculation Mode

ImmunityBio founder Patrick Soon-Shiong has signaled a potential move toward tokenizing the company's shares following his announcement regarding blockchain-based stock trading at Nant. This development follows the U.S. Securities and Exchange Commission's recent introduction of an 'Innovation Exemption,' which establishes a five-year framework for trading tokenized versions of U.S.-listed securities. Soon-Shiong, who controls 65.5% of ImmunityBio, aims to leverage Nant Global Finance’s infrastructure to integrate blockchain settlement into capital markets. The proposed platform intends to utilize automated market makers and auditable smart contracts to mirror the rights of traditional shares, including dividends and voting. Retail investors have responded with increased bullish sentiment, speculating that tokenization could mitigate issues like phantom shares and short-selling pressures. Nant Global Finance is currently assembling a suite of capabilities through acquisitions, including Horizon Globex and Upstream Exchange technology. This shift highlights the growing institutional interest in applying blockchain technology to modernize equity trading and settlement processes.

tradingview.com·Sep 21, 20267.5

Coinbase, Robinhood, Circle could be early winners of SEC's tokenized

The U.S. Securities and Exchange Commission has introduced a five-year innovation exemption allowing for the trading of tokenized U.S. stocks on public blockchains via automated market makers. This regulatory framework mandates that tokens must preserve essential shareholder rights, including voting and dividends, while imposing strict caps on trading volume and the number of eligible securities. Analysts from Goldman Sachs and Citizens identify Coinbase, Robinhood, and Circle as primary beneficiaries of this shift toward onchain securities. Coinbase is positioned to leverage its institutional custody services and the Base blockchain, though it may need to adapt its central limit order book infrastructure to align with the SEC's AMM-focused requirements. Robinhood is expected to evolve its existing offshore derivative-based stock tokens to meet these new compliance standards, potentially utilizing its Arbitrum-based Robinhood Chain. Circle stands to benefit as USDC becomes a preferred asset for settlement and collateral within these emerging onchain markets. While traditional exchanges like Nasdaq and ICE face limited immediate impact due to current volume caps, this development marks a significant step toward integrating regulated equity markets with blockchain technology. The ability for issuers to opt-out of third-party tokenization adds a layer of corporate control that addresses previous industry criticisms.

CoinDesk·Sep 20, 20268.5

NVIDIA (bStocks Tokenized Stock) Price | nvdab Live Chart and Price Index

NVDAB is a BEP-20 tokenized security certificate issued on the BNB Smart Chain that provides non-U.S. users with economic exposure to NVIDIA Corporation shares. Launched in June 2026 by BTech Holdings Limited, a Binance-affiliated special-purpose vehicle, the product operates under an Abu Dhabi Global Market (ADGM) regulatory framework. Unlike direct equity ownership, NVDAB functions as a contractual claim where the issuer maintains underlying securities through custody arrangements. The token allows for 24/7 trading and integration into the BNB Chain DeFi ecosystem, though it explicitly excludes direct shareholder rights or corporate governance. As of mid-September 2026, the asset maintains a modest market footprint, with circulating supply tied to issuer-administered collateral rather than algorithmic emission schedules. This development represents a broader industry shift toward migrating brokerage-style exposure onto programmable blockchain rails. The product's reliance on centralized custody and ADGM-approved prospectuses highlights the ongoing evolution of regulated real-world asset tokenization within institutional-grade infrastructure.

yellow.com·Sep 20, 20267.5

BNB Price Near $794 as Tokenized Stocks Hit $3.5B

The tokenized stocks market has reached a total market capitalization of $3.5 billion, highlighting a growing intersection between traditional equity markets and blockchain infrastructure. BNB Chain currently leads this sector with $1 billion in tokenized stock assets, surpassing competitors like Ethereum and Solana. Ethereum follows with $754 million, while Solana holds $679 million in market share. These top three networks collectively account for approximately 70% of the total tokenized stock market value. This data underscores the increasing utility of layer-one blockchains in hosting real-world financial instruments beyond native crypto assets. For the BNB ecosystem, this fundamental growth in tokenized assets provides a backdrop for broader network activity and price performance. The integration of these assets onto the BNB Chain serves as a key indicator of institutional and retail interest in on-chain equity trading.

coinpedia.org·Sep 19, 20267.0

CLARITY Act Stalls, But SEC Gives Crypto a Boost With New Tokenized Securities Rules

The U.S. Securities and Exchange Commission (SEC) has introduced a five-year 'Innovation Exemption' to facilitate the onchain trading of tokenized National Market System (NMS) stocks. This regulatory framework allows qualifying Tokenized Securities Venues (TSVs) to utilize permissioned automated market makers and liquidity pools for trading, provided the tokens grant holders rights equivalent to traditional securities. The initiative follows the U.S. Senate's failure to advance the broader CLARITY Act, which sought comprehensive crypto market-structure legislation. By creating a defined pathway for blockchain-based securities, the SEC aims to modernize issuance, trading, and settlement processes while maintaining strict oversight. The rules mandate public, auditable smart contracts and require trading halts on TSVs to mirror those on primary listing exchanges. This development is significant for the RWA market as it establishes a formal, supervised environment for integrating traditional U.S. equities with blockchain infrastructure. While the exemption is temporary and subject to public comment, it provides a concrete regulatory route for firms to bridge the gap between digital assets and established capital markets.

bravenewcoin.com·Sep 19, 20269.0

Tokenized Equities Shaping Tomorrow's Finance

Nasdaq has announced a strategic $100 million investment in Payward, the parent company of the Kraken exchange, to develop Nasdaq Equity Tokens (NETs). Scheduled for launch in the second quarter of 2027, this initiative aims to transition equity trading to blockchain-based on-chain settlements. By leveraging blockchain technology, the partnership seeks to streamline clearing processes that currently tie up over $2 trillion in daily U.S. stock transactions. The project emphasizes the integration of Nasdaq’s market surveillance technology to ensure compliance and mitigate risks of fraud or market manipulation. Regulatory oversight remains a central focus, with the SEC providing provisional relief while mandating that tokenized securities must preserve traditional investor rights like dividends and voting. This collaboration represents a significant institutional effort to modernize capital markets and improve liquidity by reducing settlement times. The success of this venture depends on balancing technological innovation with the stringent legal protections required for institutional-grade financial assets.

onesafe.io·Sep 19, 20268.5

Tokenized Stocks Surge to 4.1M Holders as Interest Grows

The market for tokenized stocks has reached a significant milestone, now encompassing 4.1 million individual asset holders globally. Data from Token Terminal highlights that Robinhood and Binance are the primary drivers of this growth, with each platform accounting for 1.3 million holders of their respective tokenized stock offerings. Additional market participants, including xStocks and Ondo Finance, contribute 611,000 and 446,600 holders respectively to the total count. This surge in adoption reflects a broader shift in retail investor sentiment toward digital financial products that bridge traditional equity markets and blockchain technology. The growing holder base suggests that tokenized investment vehicles are gaining mainstream traction despite ongoing market volatility and regulatory uncertainty. As traditional finance continues to integrate with decentralized infrastructure, these platforms are positioning themselves as critical gateways for digital asset exposure. This trend is expected to influence future investment strategies as market participants increasingly seek the efficiency and accessibility offered by tokenized assets.

coinfomania.com·Sep 18, 20267.0

Coinbase Global jumps 12% after on regulatory win for tokenized stock trading (COIN:NASDAQ)

seekingalpha.com·Sep 18, 20268.5

QUICK SPARK: Want Nvidia on Crypto Rails? ‘Tokenized Stock Is the Honest Way’

CoinMarketCap research highlights the critical distinction between tokenized equity products and AI-themed crypto tokens, emphasizing that tokenized stocks provide direct exposure to underlying assets like Nvidia. Alice Liu, Head of Research at CoinMarketCap, notes that tokenized Nvidia products allow global retail investors to access fractional shares with leverage outside of traditional market hours. While AI-related crypto tokens often experience high volatility and performance divergence from the chipmaker, tokenized equities like NVDAX are designed to track the performance of the actual stock. Data from CoinMarketCap reveals a growing ecosystem of 1,851 tokenized instruments, representing approximately $2.3 billion in market capitalization. These assets currently generate roughly $2 billion in daily trading volume, signaling significant interest in on-chain equity access. The report warns investors that AI tokens often trade on sentiment rather than the fundamental value of the underlying company. This trend underscores the maturation of the RWA market as it bridges the gap between traditional equity markets and blockchain-based trading rails.

benzinga.com·Sep 18, 20267.5

Coinbase Says Its Tokenized Stocks Set the Standard — But Nasdaq Is Backing a Rival

Coinbase is positioning its tokenized stock offerings as the industry standard by providing 1:1 backed securities that include full voting rights and dividend distributions for non-U.S. investors. Unlike synthetic derivatives that merely track price, these tokens represent a beneficial claim on underlying shares held in bankruptcy-remote custody. The assets are designed to function within the Base ecosystem, enabling 24/7 trading, lending, and collateral usage. Simultaneously, Nasdaq is intensifying the competition by investing $100 million into Payward, the parent company of Kraken, to develop Nasdaq Equity Tokens. This partnership aims to launch a regulated infrastructure for tokenized equities by the second quarter of 2027. While Coinbase focuses on deep integration with DeFi protocols and Chainlink oracles, Nasdaq is prioritizing the connection between blockchain assets and traditional financial markets. This rivalry highlights a broader shift in the RWA sector, where the primary value is moving from simple asset issuance to the development of robust, cross-market infrastructure. The outcome of this battle will likely determine how traditional securities are bridged into an always-on, programmable financial system.

tradingview.com·Sep 18, 20268.0

Is Solana the Biggest Winner From the SEC’s Tokenized Stock Rule? $465 Million of Stocks Already Trade There

The SEC issued an Innovation Exemption on September 17, 2026, establishing a formal framework for trading tokenized National Market System stocks without requiring registration as a national securities exchange. This regulation mandates that tokens must be backed one-for-one by actual shares, provide full shareholder rights, and operate on permissioned, US-incorporated venues. Solana currently holds approximately $465 million in tokenized equities, representing nearly half of the $1 billion market, but much of this volume consists of synthetic products that do not qualify under the new rules. Platforms like Solana and Robinhood must now restructure their offerings to meet strict compliance standards, including identity verification and issuer notification requirements. Coinbase is positioned as a potential leader due to its existing one-for-one backed model, while Circle's newly launched Arc mainnet, supported by institutional validators like BlackRock and ICE, introduces a new competitive layer. The ultimate success of these blockchains will depend on their ability to adapt to these requirements and gain consent from S&P 500 issuers. This regulatory shift marks a transition from a legal gray area to a defined, five-year trial period for tokenized equity trading in the United States.

finance.yahoo.com·Sep 18, 20268.5

Morpho Opens Borrowing Against Coinbase's Tokenized Stocks

Morpho has launched lending and borrowing markets on the Base blockchain that allow users to pledge Coinbase-issued tokenized stocks as collateral for USDC loans. The platform currently supports five specific stock tokens, including Apple, Alphabet, Nvidia, Meta Platforms, and SpaceX, with borrowing activity concentrated in variable-rate markets. Steakhouse Financial acts as the primary curator for these markets, with its high-yield USDC vaults providing the vast majority of liquidity. While the total outstanding supply of these tokenized stocks on Base is approximately $11.4 million, current borrowing against them on Morpho remains modest at roughly $54,652. These markets utilize Chainlink price feeds to manage collateralization, with liquidation loan-to-value ratios set between 62.5% and 77%. Access is strictly restricted to non-U.S. persons, aligning with the regulatory framework established by Coinbase Onchain SPV Ltd. This development represents a significant step in integrating traditional equity exposure into decentralized finance protocols, enabling investors to leverage their positions without liquidating assets. The expansion highlights the growing utility of tokenized real-world assets within the Base ecosystem.

thedefiant.io·Sep 18, 20267.5

WuBlockchain Weekly: Fed Hikes Rate First in 3 Years, CoinEx Shuts on 9th Anniversary and Clarity Act Vote Fails, etc

The U.S. Securities and Exchange Commission has introduced a temporary 'Innovation Exemption' framework, allowing for the pilot trading of tokenized National Market System (NMS) stocks on permissioned Tokenized Securities Venues. This regulatory milestone permits these venues to operate without being classified as traditional exchanges under the Securities Exchange Act of 1934, provided they adhere to strict conditions including OFAC compliance and the prohibition of synthetic assets. Tokenized stocks must grant holders identical voting and dividend rights as conventional shares, and issuers retain the right to block their securities from being traded on these platforms. SEC Chair Paul Atkins emphasized that this five-year pilot program aims to foster innovation while maintaining mandatory investor protections. The move is significant for the RWA market as it provides a clear, albeit temporary, legal pathway for on-chain equity trading in the United States. Meanwhile, the broader financial landscape remains influenced by Federal Reserve interest rate adjustments, which analysts suggest will increase income for stablecoin issuers and drive capital inflows into tokenized bonds and money market funds. These developments collectively signal a maturing regulatory environment for the integration of traditional financial assets onto blockchain infrastructure.

wublock.substack.com·Sep 18, 20269.5

After Tokenized Stocks Get Approved: Robinhood, Circle, and the Next Stage of Onchain Finance

On September 17, 2026, the U.S. SEC approved an 'Innovation Exemption' allowing for the onchain trading of traditional U.S. stocks under a five-year trial period. This regulatory milestone signals a broader shift toward 'Onchain Finance,' a framework that leverages blockchain to enhance the efficiency, settlement speed, and global accessibility of traditional financial assets. While often conflated with RWA, Onchain Finance represents a strategic evolution aimed at reinforcing U.S. dollar hegemony by facilitating the global distribution of dollar-denominated assets. Industry data shows the total value of stock tokens reached $2.82 billion by mid-September 2026, with significant market concentration among issuers like Ondo, bStocks, and Securitize. Robinhood has emerged as a key player, transitioning its stock tokens to the proprietary Robinhood Chain, which utilizes the ERC-8056 standard to enable interoperability with third-party DeFi protocols. With Robinhood Chain recording 100 million transactions and $957 million in TVL shortly after launch, the focus of the sector is shifting from simple token issuance to post-launch utility and integration. This transition reflects a coordinated effort by digital-native firms and traditional institutions to migrate core financial infrastructure onto public blockchains.

techflowpost.com·Sep 18, 20269.5

SEC Opens U.S. Door to Tokenized Stocks: Is Robinhood a Buy Now?

The U.S. Securities and Exchange Commission (SEC) introduced a five-year Innovation Exemption on September 17, 2026, establishing a regulatory pathway for tokenized U.S. stocks to trade on blockchain-based Tokenized Securities Venues (TSVs). This framework mandates that tokenized shares provide holders with identical rights to conventional equities, including voting and dividends, while granting issuers the power to object to third-party tokenization. Robinhood, which currently offers offshore Stock Tokens lacking these legal rights, must now adapt its infrastructure to meet these stringent SEC requirements to enter the U.S. market. The move intensifies competition as rivals like Coinbase and Intercontinental Exchange (ICE) are also developing tokenized equity platforms with varying degrees of regulatory readiness. While the SEC action provides a long-term growth avenue for Robinhood, the company faces significant execution hurdles, including the need to integrate one-for-one share redemption and voting capabilities. This development is a pivotal moment for the RWA market, signaling a shift toward regulated, onchain equity trading within the United States. Ultimately, the success of this initiative depends on how effectively platforms can balance technological innovation with the SEC's strict compliance and issuer-consent mandates.

zacks.com·Sep 18, 20268.5