TALIS launches onchain structured markets protocol for tokenized stocks on Robinhood Chain

A new protocol called TALIS has gone live on Robinhood Chain, giving holders of tokenized stocks the ability to carve each token into two separate financial positions. One captures steady income. The other captures leveraged upside. The protocol launches with markets for some of the most widely held names in traditional finance: NVIDIA, Microsoft, and Tesla. Robinhood Chain went live on July 1, 2026. How the split works TALIS lets users deposit a Robinhood Stock Token and split it into two ERC-20 positions: an Income token and an Upside token. The user picks a cap, say +5%, which defines where the split happens. The Income position captures all value up to that cap, plus a premium. The Upside position captures any appreciation beyond the cap. So if NVDA rallies 12% and your cap was set at 5%, the Income holder gets the first 5% plus the auction premium, while the Upside holder gets the remaining 7%. The Upside positions are sold through a descending-clock auction, a format where the price starts high and ticks down until a buyer bites. Proceeds from those auctions flow directly to Income holders. The underlying Stock Token stays locked as collateral throughout the process. Settleme...