Robinhood launched its public Robinhood Chain mainnet on July 1, 2026, and users deposited roughly $11.8 million worth of tokenized stocks into decentralized finance protocols on the network within weeks. The chain is an Ethereum Layer 2 built with Arbitrum’s Orbit technology, designed to process transactions faster and more cheaply while inheriting Ethereum’s security. Its flagship Stock Tokens are ERC-20 tokens that provide 24/7 on-chain economic exposure to equities and ETFs, although they are structured as debt securities rather than direct equity stakes and are unavailable entirely to US persons. By mid-July 2026, tokenized real-world assets on the chain totaled approximately $12.8 million, including around $10.68 million in stock tokens. The $11.8 million figure measures stock tokens deposited into active DeFi use, rather than tokens held idle in wallets. NVDA, SPY and SpaceX were the leading assets by deposit volume. Stock Tokens can be traded on Uniswap and Arcus and used as collateral in lending protocols. Robinhood partnered with Chainlink for oracle data feeds and BitGo for custody. Early activity was led by memecoins and stablecoins, with tokenized equities accounting for roughly 4% of network transactions. Restrictions on US persons may limit organic growth from Robinhood’s 24 million funded accounts, which are predominantly American.