Robinhood leads stock token market cap at $78M, dwarfing Coinbase’s $9.4M

Robinhood didn’t just enter the stock token market. It showed up and immediately claimed the top spot. As of mid-July 2026, Robinhood’s tokenized equities and ETFs carry a combined market cap of roughly $77.9 million, while Coinbase’s comparable offering sits at $9.4 million. Together, the two platforms account for $87.3 million in stock token market cap. For context, Robinhood Chain only went live on July 1, 2026, at an event in London. That means Robinhood built a $78 million tokenized equity market in a matter of weeks. What Robinhood Chain actually is Robinhood Chain is built on Arbitrum Orbit, an Ethereum Layer-2 infrastructure that allows developers to spin up application-specific chains while inheriting Ethereum’s security model. The chain’s token lineup covers a wide range of familiar names: NVDA, AAPL, and TSLA are among the equities available, along with ETFs like SPY. Each of these is issued as an ERC-20 token, the same technical standard used by most Ethereum-based assets. Robinhood has partnered with Uniswap for decentralized trading and Chainlink for price feeds and data verification. Uniswap handles liquidity pools; Chainlink handles the oracle layer that tells the s...