Robinhood Chain assets approach $2 billion as tokenized-equity activity expands

  • Robinhood-issued tokenized stocks accounted for $73.1 million in DeFi deposits.
  • xStocks assets contributed $63.9 million in DeFi deposits.
  • The tokenized-stock DeFi category held $192.6 million in total value locked.

Robinhood Chain's combined asset market capitalization is approaching $2 billion, according to Arbdata, which did not provide a precise current total. Arbdata previously put the figure at roughly $1.87 billion, while a Dune dashboard estimated about $1.94 billion, following the public mainnet launch on July 1, 2026. The reported total rose about 33% in one week, led by stablecoins, tokenized equities and other crypto activity. Stablecoins accounted for $928 million to $965 million, while real-world assets were valued at about $143 million to $149 million across 194 tokenized stocks and ETFs. Tokenized equities alone grew about fivefold to roughly $70 million by late July. Robinhood-issued tokenized stocks accounted for $73.1 million of deposits in a DeFi tokenized-stock category, while xStocks contributed $63.9 million. Together, the two products represented 71% of the category's $192.6 million in total value locked. The deposit figures provide a separate measure from Robinhood Chain's reported $1.41 billion in total value locked and other tokenized-equity market-capitalization estimates. The network supports protocols including Morpho, Uniswap and Ethena and processes millions of daily transactions. The expansion adds to a broader tokenized-equity market that recorded nearly $3 billion in weekly spot trading volume in August, led by Robinhood Chain, BNB Chain and Solana. Solana's tokenized-stock supply and lending deposits also reached records, though collateral use remains exposed to custody, oracle, liquidity, smart-contract and liquidation risks.

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