Robinhood stock tokens go live on Morpho as collateral for stablecoin loans

Robinhood stock tokens can now do more than sit in a wallet. As of October 22, 2026, holders can post them as collateral on the Morpho lending protocol and borrow stablecoins against them. The setup lets users borrow USDG, a dollar-pegged stablecoin, using tokenized equities like NVDA and SPY. The markets run on Robinhood Chain, the company’s newly launched network. How the new markets work The loans run through isolated markets on Robinhood Chain. Morpho serves as the underlying open credit network. Compliance is handled by curators, who set the controls on these markets. The collateral menu at launch includes: NVDA at a 62.5% liquidation loan-to-value threshold SPCX at a 62.5% liquidation loan-to-value threshold SPY at a 77% liquidation loan-to-value threshold The liquidation loan-to-value, or LLTV, is the tripwire. If your debt climbs to that share of your collateral’s value, the position can be liquidated. One major caveat: the product is available only to non-US persons and jurisdictions, due to regulatory restrictions. The tokens themselves also come with limits. Tokenized stocks offer economic exposure to the underlying shares, but they carry no voting rights or direct owner...