$12M in stock tokens deposited into DeFi on Robinhood Chain

Robinhood just quietly became a blockchain company. The trading platform launched its public mainnet on July 1, 2026, and within weeks, users had deposited roughly $11.8 million worth of tokenized stock into decentralized finance protocols on the new network. The leading assets by deposit volume are NVDA, SPY, and SpaceX tokens, a lineup that reads less like a crypto portfolio and more like a boomer’s brokerage account, which is precisely the point. What Robinhood Chain actually is Robinhood Chain is an Ethereum Layer 2 built on Arbitrum’s Orbit technology, meaning it inherits Ethereum’s security while processing transactions faster and cheaper. The flagship product is Stock Tokens, ERC-20 tokens that give holders 24/7 on-chain economic exposure to equities and ETFs. These are structured as debt securities, not direct equity stakes, which is an important legal distinction that also explains why they are off-limits to US persons entirely. By mid-July 2026, total tokenized real-world assets on the chain had reached approximately $12.8 million, with stock tokens accounting for around $10.68 million of that figure. The $11.8 million deposit figure represents how much of that stock toke...