@RobinhoodApp put stocks onchain, and the wallets followed. Robinhood Chain holds $262.93 million in distributed real-world assets across 1,693,451 RWA holder addresses, up 5.78% in 30 days, per rwa.xyz on November 4, 2026.
Robinhood Chain is an Arbitrum based chain on @ethereum, built on the @arbitrum stack and live since July 1, 2026. This report covers the chain first, then the teams building on it.
01Stock Tokens are the headline
rwa.xyz tracks 204 Robinhood Stock Tokens worth $160.6 million on November 4, 2026. Robinhood's own asset list showed 195 active tokens on October 22, 2026. Each one tracks a US share or ETF.
Stock Tokens are standard ERC-20 tokens, per Robinhood's docs. Each has its own @chainlink price feed, so any app can read the price onchain. Holders can trade them at any hour, send them to another wallet or post them as collateral.
Eligible customers in more than 120 countries can reach them through Robinhood Wallet, per Robinhood. Dividends and splits run through an onchain multiplier, so a token keeps tracking its share without a new contract.
021.69 million holders and 385 assets
Robinhood Chain had 1,693,451 RWA holder addresses across 385 RWAs on November 4, 2026, up 5.78% in 30 days, per rwa.xyz. Holder addresses are wallets, not individual people.
Robinhood had nearly 28 million customers across 38 countries on July 1, 2026, per Robinhood, and the Wallet puts every one of them a tap away from the chain.
03Dollars power the chain
Stablecoins on Robinhood Chain hold $1.02 billion across about 448,000 holders, per rwa.xyz on November 4, 2026. Stablecoin holders grew 6.73% in 30 days, and $74.63 billion in stablecoins moved over the same period.
@Paxos leads the rwa.xyz Robinhood league table with $653.9 million in USDG, and @ethena follows with $359.7 million in USDe. People use those dollars to buy Stock Tokens and to lend on the chain.
04Lending turns stocks into collateral
Robinhood Earn lets eligible US users lend USDG from a self-custody wallet and earn yield, per Robinhood. @Morpho powers the lending, and Steakhouse, Ethena, Spark and Maple helped build it.
Stock Tokens can also go into lending pools as collateral, per Robinhood's docs, and lending markets for them are already live.
05Robinhood Chain posts its data to Ethereum
Robinhood Chain is an Arbitrum Orbit Layer 2 that posts its data and state roots to Ethereum, per L2BEAT. Its canonical bridge moves ETH and ERC-20 tokens between Ethereum and the chain, per Robinhood's bridging docs.
06Robinhood and Robinhood Assets (Jersey)
@RobinhoodApp runs the chain, the Wallet and the issuer. Stock Tokens are tokenised debt securities issued by Robinhood Assets (Jersey) Limited, which also acts as the tokenizer, per Robinhood's docs. Each token gives economic exposure to one US share or ETF, named by its ticker.
Robinhood first launched more than 200 stock and ETF tokens for EU customers on Arbitrum in June 2025. A year later its own chain went live, with the new Stock Tokens, Robinhood Earn and perpetual futures in Robinhood Wallet. Today Robinhood issues 204 RWAs worth $160.6 million on the chain, per rwa.xyz on November 4, 2026.
07Paxos and USDG
@Paxos issues USDG, the main dollar on Robinhood Chain. USDG holds $653.9 million on the chain, the largest single platform on rwa.xyz's Robinhood league table on November 4, 2026.
Robinhood's docs list Paxos as the chain's stablecoin infrastructure partner, and @global_dollar runs the USDG network. LayerZero moves USDG across chains, per the bridging docs. USDG backs Robinhood Earn and is the quote currency for most Stock Token pools.
08Lloyd's, Relm and Bitstamp
A few familiar TradFi names sit underneath the chain. Robinhood bought insurance for Robinhood Earn through Lloyd's of London and @RelmInsurance, covering losses from cyber attacks or smart contract exploits, per Robinhood.
Bitstamp Global Ltd is the Authorised Participant for Stock Tokens, per Robinhood, and can subscribe for new tokens directly from the issuer after KYB onboarding. Market makers mint and burn Stock Tokens from Monday 02.00 to Saturday 02.00 CET, per Robinhood's docs, while holders can trade them onchain at any hour.
Pleiades was named as a day one partner deploying a proprietary AMM, per Robinhood.
09Ethena
Ethena's USDe holds $359.7 million on Robinhood Chain, second on the rwa.xyz Robinhood league table on November 4, 2026. Ethena also helped build Robinhood Earn, per Robinhood. On Morpho, USDe is the main collateral for USDG loans, about $354 million on November 4, 2026.
10Midas, Maple, Spark and Grove
Tokenized funds and yield products were among the first to arrive. @MidasRWA holds $56.2 million on the chain through mGLO (Fasanara Global Open), issued by Aureum, per rwa.xyz on November 4, 2026. That puts Midas fourth on the league table and makes it the largest non-stablecoin platform after Robinhood.
Maple's syrupUSDG is live on Robinhood Chain as Morpho collateral, about $102 million on November 4, 2026, per Morpho. @maplefinance users can bridge it over Chainlink CCIP, per Robinhood's bridging docs. Spark runs Spark Savings for USDG, @sparkfinance, and @grovedotfinance, part of @SkyEcosystem, runs a small USDG vault with Steakhouse, about $100,000 per Morpho. Maple and Spark both helped build Robinhood Earn, per Robinhood.
11Morpho and Steakhouse
@Morpho is the lending engine behind Robinhood Earn, per Robinhood, and Robinhood's docs list it as the chain's lending partner. @SteakhouseFi helped build Robinhood Earn and curates steakUSDG, the main USDG vault on Morpho, at about $515 million on November 4, 2026, per Morpho.
Other lenders run markets for Stock Tokens directly. @longbowlend, @Borromarkets and @zona_io let holders borrow USDG against their stock tokens.
12Chainlink
@chainlink prices every Stock Token with its own data feed, per Robinhood's docs. The feed folds the dividend and split multiplier into the price, so lending markets read a single number. Chainlink CCIP moves tokens and messages to and from the chain, per the bridging docs.
13Uniswap, Rialto, Lighter and Arcus
Trading was live from day one. @Uniswap runs a dedicated AMM as the main public liquidity protocol, per Robinhood. Robinhood Chain has since become the fastest chain to reach $100 billion in volume on Uniswap.
Eligible users trade Stock Tokens inside Robinhood Wallet through Uniswap, @rialto_xyz, @Lighter_xyz, @arcus_xyz and @1inch.
Lighter brings perpetual futures to Robinhood Wallet and committed 11 million LIT tokens to the Robinhood community, per Robinhood.
14ST0x and the Stock Token builders
@st0x_io offers trading in 59 wrapped stock tokens (issuer S01), per rwa.xyz on November 4, 2026. Other teams build new products on top of Stock Tokens. @EARNONHOOD bundles them into baskets, @PareStocks splits them into principal and dividend tokens, and @TheIndexFi pays holders in stock tokens.
15MemeFi meets Stock Tokens
Robinhood Chain is also home to meme tokens that trade against stocks. Memes quoted in a Stock Token traded $243.0 million in the 30 days to November 4, 2026, across 112,150 meme-vs-stock pools on 203 stock tickers, per RWA Markets. That puts Robinhood Chain third over the period, behind Solana ($797.7 million) and BNB Chain ($771.5 million).
As of late October 2026, memes quoted in a Stock Token had traded $5.41 billion since the chain opened, 17% of stock-quoted meme volume across the six chains RWA Markets tracks.
At least 282,917 tokens have launched against a Robinhood Stock Token, at least 26,042 of them in the last 30 days, per RWA Markets on November 4, 2026. Most come through launchpads, and @ponsdotfamily alone has launched 199,443 against a stock.
Activity peaked in September. Chain-wide DEX volume on Robinhood Chain was $15.3 billion in July, $19.3 billion in August, $54.0 billion in September and $25.7 billion in October, with a peak week of $18.0 billion starting August 31, per DefiLlama on November 4, 2026. Memes quoted in a Stock Token traded $39.4 million in the seven days to November 4, per RWA Markets.
Artificial Inu, which trades against NVDA among other pairs, has a market cap of about $57 million, per GeckoTerminal on November 4, 2026. StonkBroker, Boner Coin and NetNet Capital are among the other memes on the chain.
NFT projects pay holders in Stock Tokens too. Four Robinhood NFT desks, led by Quotrons ($123,192) and Anvil ($102,453), paid $296,984 to holders in the 30 days to November 4, 2026, per RWA Markets. These figures include bot and wash trading, per RWA Markets.
16Arbitrum
@arbitrum is the stack under the chain. Robinhood built its chain on the Arbitrum Platform to institutional standards, per Robinhood, and the canonical Arbitrum bridge connects it to Ethereum, per the bridging docs.
17BitGo, Fireblocks and TRM Labs
Institutions need custody and compliance before they touch a chain. @BitGo and @FireblocksHQ provide institutional custody, and @trmlabs provides compliance and risk analytics, per Robinhood's ecosystem list. @Alchemy is the recommended RPC provider.
18More builders on Robinhood Chain
Everyone else we found building on the chain, grouped by type.
TradFi banks and insurers
@RobinhoodApp runs the chain and issues Stock Tokens through Robinhood Assets (Jersey) Limited.
@Paxos issues USDG.
Lloyd's of London and @RelmInsurance insure Robinhood Earn.
Bitstamp Global Ltd is the Authorised Participant for Stock Tokens.
Pleiades was named as a day one partner deploying a proprietary AMM.
TradFi asset managers and tokenized funds
@MidasRWA holds $56.2 million through mGLO.
@maplefinance brings syrupUSDG, about $102 million as Morpho collateral.
Spark runs Spark Savings, @sparkfinance.
@grovedotfinance runs a small USDG vault with Steakhouse.
@SteakhouseFi curates steakUSDG, the main USDG vault on Morpho.
@mellowprotocol runs a curated USDG vault.
@ipor_io runs IPOR Fusion vaults.
@TradeNeutral runs a quant vault marketplace.
@D2_Finance allocates capital onchain.
Stablecoins
@Paxos and @global_dollar run USDG.
@ethena issues USDe.
Anchored Coins and Stable list assets on the chain.
Tokenized stocks
@st0x_io offers trading in wrapped stock tokens (issuer S01).
@EARNONHOOD builds baskets of Stock Tokens.
@PareStocks and Fletch Finance split Stock Tokens into principal and dividend tokens.
@TheIndexFi pays holders in stock tokens.
@strato_net bridges Stock Tokens to STRATO.
Kansoku Labs anchors RWA ground truth data on the chain.
Vimen, Hood Index and Bastion build stock baskets and indexes.
MemeFi
Artificial Inu, Boner Coin, NetNet Capital, Standard Reserv, StonkBroker, Schiffy GLD, Prism, Touch Grass RWA and StockRip bring memefi to Robinhood Chain. Quotrons, Anvil, Chain Mancers and Goat Street pay NFT holders in Stock Tokens.
Custody
@BitGo and @FireblocksHQ provide institutional custody.
Compliance and data
@trmlabs runs compliance and risk analytics.
@AlliumLabs, @EntropyAdvisors, @coingecko and @zerion provide data and analytics.
DeFi lending
@Morpho powers Robinhood Earn.
@longbowlend, @Borromarkets and @zona_io lend against Stock Tokens.
@native_fi lends to market makers.
@LayerBankFi and @LidoFinance bring lending markets and wstETH.
@AccountableData and @gagedotcash add credit and fixed term loans, and TermMax, Ripe and Kaskad add fixed rate and stock backed lending.
DeFi trading
@Uniswap, @rialto_xyz, @Lighter_xyz, @arcus_xyz and @1inch are the day one venues.
@meridiandotxyz runs RWA perps.
@CurveFinance, @PancakeSwap, @SushiSwap, @EkuboProtocol, @fablesfi, @metricxyz, @uponrh and @RamsesExchange run AMMs.
@KyberNetwork and @okx route swaps.
@Panoptic_xyz and @ThetanutsFi run options.
Deepstate and Raindex run onchain order books.
DeFi yield
@pendle_fi tokenizes yield.
@beefyfinance, @vfat_io and @0xT3tris run vaults.
@ArrakisFinance, @steerprotocol, @DexFinance, @ArcadiaFi, @revertfinance, @KrystalDeFi, @SnuggleFi, @EZManagerCL and @tickerspring manage liquidity.
Oracles and infra
@chainlink prices every Stock Token.
@arbitrum is the stack.
@Alchemy, @blockscout and @privy_io provide RPC, explorer and wallet services.
@LayerZero_Core, @StargateFinance, @RelayProtocol, @AcrossProtocol, @lifiprotocol, @0xProject, @symbiosis_fi and @debridge move assets in and out.
Exchanges and wallets
@bitget and @Gate support the chain.
Greenwood Finance runs a USDG neobank with stock rewards.
Launchpads, games and the long tail
The chain also has a long tail of consumer apps. @longdotxyz launches new tokens on the chain, though RWA Markets shows none of them quoted in a stock. @virtuals_io and @bankrbot bring AI agents, and @sherwoodagent runs an agent protocol native to the chain. @UNCX_token locks liquidity. @ponsdotfamily, Sushi Launch, @UseCoinbarrel, @flapdotsh and dozens more run launchpads, and games like @StockMinersRH, @OrchardDotGold and STOCKMON pay out in tokenized stock, per HoodScan.
19Conclusion
In just over four months, Robinhood Chain has put Stock Tokens in front of 1.69 million RWA holder addresses. Paxos and Ethena supply the dollars, Chainlink prices every share, Morpho turns stocks into collateral, and memes trade against stocks in more than 100,000 pools.
The builders cover every layer, from Lloyd's insurance to onchain order books, all on a chain that posts its data to Ethereum.
Maple is a proud member of RWA Foundation but has no influence on the opinions of this report. Token Terminal is RWA Foundation's data partner. MemeFi and stock-token project data comes from RWA Markets (rwa-markets.xyz). This report is for informational purposes only and is not investment advice.