Robinhood Stock Tokens have surpassed $170 million in total value locked, while decentralized exchange (DEX) trading volume on Robinhood Chain is approaching $50 billion, Robinhood Crypto General Manager Johann Kerbrat said. Each token is backed 1:1 by a real share held in secure custody. Token holders receive economic equivalents of dividends and corporate actions, which are reinvested into the underlying holdings. Robinhood buys one real share whenever a new Stock Token is minted. Physical redemption and voting rights are not yet available, but 1:1 share redemption and voting for eligible holders are included on the roadmap. The tokens are designed to be composable, allowing developers to build applications around them.