Robinhood Stock Tokens (tracker certificates by Robinhood Assets (Jersey) Limited on Robinhood Chain)
In plain words on RIADeFi: Robinhood Stock Tokens, explained.
Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.
The verdict is on the memo: Robinhood Stock Tokens Not approved
Other programs tokenize the same securities. Every version side by side: SPY, NVDA, SPCX, META, GOOGL, QQQ, AAPL, TSLA.
Eligibility
Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.
- What the holder owns
A tokenized debt security issued by Robinhood Assets (Jersey) Limited, with no legal or beneficial right in the share.
“Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They provide economic exposure to underlying securities but do not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.”
Robinhood RHJ: Frequently Asked Questions · What are Robinhood Stock Tokens? · words found 2026-09-23
- Who may hold it
Not available in the US or to US persons; restricted in Canada, the United Kingdom and Switzerland.
“Stock Tokens are not available in the US or to US persons and are subject to restrictions in other jurisdictions, including Canada, the United Kingdom, and Switzerland.”
Robinhood RHJ: Frequently Asked Questions · Who can purchase Stock Tokens? · words found 2026-09-23
- First purchase minimum
No minimum investment.
“There is no Minimum Investment Amount.”
RHJ Final Terms: NVIDIA Corporation (Series 1) · Part A, 1.1 Information Concerning the Products, Minimum Investment Amount · words found 2026-09-23
- Who it may be transferred to
Freely transferable on the secondary market, wallet to wallet.
“The Products are retail-grade tokenised securities and are freely transferable on the secondary market.”
Robinhood Assets (Jersey) Limited, Base Prospectus dated 25 June 2026 (FMA Liechtenstein approved), Tokenised Products Programme · Frequently Asked Questions 3.7, Who is eligible to purchase the Products? · words found 2026-09-23
- How a holder redeems
A holder may redeem with the issuer only if a Direct Investor Redemption Condition is met and the holder passes the issuer’s KYC/AML; otherwise the holder sells.
“Investors may only redeem the Products directly with the Issuer where (a) one or more of the Direct Investor Redemption Conditions have been met; and (b) the relevant Investor has successfully completed the Issuer’s KYC/AML processes.”
Robinhood Assets (Jersey) Limited, Base Prospectus dated 25 June 2026 (FMA Liechtenstein approved), Tokenised Products Programme · Frequently Asked Questions 3.4, How do I buy and sell the Products? · words found 2026-09-23
- Who keeps the official record
The token contract on Robinhood Chain is the securities ledger; entitlement comes only from it.
“The entitlement to the Products exclusively results from the Securities Ledger”
Robinhood Assets (Jersey) Limited, Base Prospectus dated 25 June 2026 (FMA Liechtenstein approved), Tokenised Products Programme · Terms and Conditions, Condition (3)(A) Registration Agreement, Establishment and effects · words found 2026-09-23
- What the issuer says it can freeze or take back
Role holders on the contract can block, pause or freeze addresses, or seize tokens and transfer them to a competent authority.
“or may seize the Products and transfer them to a competent authority”
Robinhood Assets (Jersey) Limited, Base Prospectus dated 25 June 2026 (FMA Liechtenstein approved), Tokenised Products Programme · Terms and Conditions, Condition (3)(C) Transfer · words found 2026-09-23
| Fact | Answer |
|---|---|
| Who onboards the holder | distributor |
| Voting rights | None |
| Distributions | reinvested |
| SIPC coverage of the wallet | No |
Who controls it
Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.
| Token | Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|---|
| NVDA | Robinhood Chain | Yes | Yes | Yes | No | Yes | A single key can claw back tokens and pause transfers and freeze a holder. A single key holds the admin key. A single key can change the code with no delay. |
Who holds the keys
Ketju read every current holder of each power from the chain on 2026-09-23. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.
| Token | Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|---|
| NVDA | Robinhood Chain | Admin role | grant and revoke these powers | a single key | 0xd6f8…b66d |
| NVDA | Robinhood Chain | Minter role | mint new tokens | a single key | 0x2b94…3a87 |
| NVDA | Robinhood Chain | Burner role | claw back tokens | a single key | 0x6e40…d8c1 |
| NVDA | Robinhood Chain | Admin burner role | claw back tokens, grant and revoke these powers | a single key | 0x957b…74d4 |
| NVDA | Robinhood Chain | Pauser role | pause transfers | a single key | 0xe7bc…f22a |
| NVDA | Robinhood Chain | Token pauser role | pause transfers | a single key | 0xfccf…ab23 |
| NVDA | Robinhood Chain | Oracle pauser role | pause transfers | a single key | 0x7369…4abc |
| NVDA | Robinhood Chain | Beacon upgrader role | change the code | a single key | 0xcd8c…e094 |
| NVDA | Robinhood Chain | Factory upgrader role | change the code | a single key | 0x697e…e553 |
| NVDA | Robinhood Chain | Blocker role | freeze a holder | a single key | 0x913c…28fd |
Robinhood Chain NVDA: 4 contract reads, 5 functions in verified source, 2026-09-23
- eip1967.beacon=0xe10b6f6b275de231345c20d14ab812db62151b00
- 0xe10b6f6b275de231345c20d14ab812db62151b00.implementation()=0xb35490d6f9163de4f80d88dc75c3516eb64c5ae2
- paused()=false
- ACCESS_CONTROLLED_REGISTRY()=0xe10b6f6b275de231345c20d14ab812db62151b00
- blockAccounts in verified source 0xe10b…1b00
- oraclePaused in verified source 0xb354…5ae2
- adminBurn in verified source 0xb354…5ae2
- mint in verified source 0xb354…5ae2
- upgradeTo in verified source 0xe10b…1b00
Where it trades
| Venue | Kind |
|---|---|
| Robinhood Assets (Jersey) Limited, for Authorised Participants only (Bitstamp Global Ltd) | issuer primary |
| Robinhood Wallet swaps on Robinhood Chain DEXs (Uniswap, Rialto, Lighter, Arcus, 1inch) | dex |
Redemption
| Route | Settlement | Fee | Settles in |
|---|---|---|---|
| Secondary market only; no issuer redemption | Holders sell on Robinhood Chain RFQ aggregators and AMM pools such as Uniswap (through Robinhood Wallet or directly) around the clock, or to the Authorised Participant under its KYC; the issuer expects ordinary holders to sell this way. Robinhood’s developer docs show NVDA quoted against USDG | USDG | |
| Redeem with the issuer in its window | A holder may redeem directly with the issuer in two cases: every Authorised Participant is insolvent or gone with no replacement within 30 days, or the issuer posts a notice allowing it. The holder must pass the issuer’s KYC/AML and sanctions checks. The issuer sells the underlying through Alpaca and pays cash in USD; it does not deliver shares. The investor fee is 0% for 90 days after each Final Terms, then 0.05%, capped at 2.50% | 5 bps | USD |
- Robinhood opens Stock Tokens to US persons, or moves the product to shares held of record for the holder
- Any of the ten role keys on AccessControlsRegistry 0xe10b6f6b275de231345c20d14ab812db62151b00 changes holder, or moves behind a multisig or timelock
- ADMIN_BURNER_ROLE burns a holder’s balance, BLOCKER_ROLE blocks an address, or the global or a token pause is used
- The beacon implementation changes from 0xb35490d6f9163de4f80d88dc75c3516eb64c5ae2
- The issuer publishes the FMA-approved supplement for atomic settlement and USDG collateral (notice of 21 September 2026)
- The issuer allows direct investor redemption by notice, or the Authorised Participant changes from Bitstamp Global Ltd
- The custodian, broker, security agent or paying account provider changes, or securities lending of an underlying begins
- The issuer charges a management fee or raises the investor fee rate
- The base prospectus (valid to 24 June 2027) lapses or is replaced
Daily checks
Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.
File history
Ketju has not revised this file since filing it. If Ketju revises it, the earlier version stays as published, with the reason.
| Date | Change |
|---|---|
| 2026-09-23 | Filed. |
Sources
- Robinhood Assets (Jersey) Limited, Base Prospectus dated 25 June 2026 (FMA Liechtenstein approved), Tokenised Products Programme · primary · accessed 2026-09-23
Supports: debt securities; tracker certificate units, Swiss CO 973d ledger-based securities, entitlement results only from the Securities Ledger, no rights in the Underlying, no vote, only Authorised Participants subscribe, direct investor redemption conditions, blocking, freezing, pausing, seizure, destroying functions, updating and migration without consent, investor fee cap 2.50%, management fee cap 0.50%, securities lending to a Prime Borrower, limited recourse, Security Agent enforcement, Regulation S US-person bar, issuer substitution without consent, valid to 24 June 2027 - RHJ Final Terms: NVIDIA Corporation (Series 1) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0xd0601CE157Db5bdC3162BbaC2a2C8aF5320D9EEC, no Minimum Investment Amount, investor fee 0% / 0.05% after 90 days, Bitstamp Global Ltd sole Authorised Offeror, Alpaca Securities custodian and broker, lending of the Underlying applicable, Robinhood Chain sole supported blockchain - RHJ Final Terms: State Street SPDR S&P 500 ETF Trust (Series 6) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0x117cc2133c37B721F49dE2A7a74833232B3B4C0C, no Minimum Investment Amount, lending of the Underlying applicable - RHJ Final Terms: Space Exploration Technologies Corp. (Series 20) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0x4a0E65A3EcceC6dBe60AE065F2e7bb85Fae35eEa, no Minimum Investment Amount, lending of the Underlying applicable - RHJ Final Terms: Meta Platforms (Series 13) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0xc0D6457C16Cc70d6790Dd43521C899C87ce02f35 - RHJ Final Terms: Alphabet Class A (Series 15) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0x2e0847E8910a9732eB3fb1bb4b70a580ADAD4FE3 - RHJ Final Terms: Invesco QQQ Trust (Series 10) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0xD5f3879160bc7c32ebb4dC785F8a4F505888de68 - RHJ Final Terms: Apple (Series 14) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0xaF3D76f1834A1d425780943C99Ea8A608f8a93f9, dividends net of withholding delivered under Condition 10 - RHJ Final Terms: Tesla (Series 3) · primary · accessed 2026-09-23
Supports: Securities Ledger contract 0x322F0929c4625eD5bAd873c95208D54E1c003b2d - RHJ Notice of Proposed Amendments (21 September 2026) · primary · accessed 2026-09-23
Supports: atomic settlement, USDG as temporary collateral, Bitstamp as new custodian, amendments without investor consent, series list with ISINs - Robinhood RHJ: Frequently Asked Questions · primary · accessed 2026-09-23
Supports: tokenized debt securities, no rights in the underlying, not for US persons; Canada, UK, Switzerland restricted, dividends reinvested by multiplier, direct redemption with KYC where no authorised participant, security agent sells on insolvency - Robinhood RHJ: Product · primary · accessed 2026-09-23
Supports: FMA Liechtenstein approved the base prospectus, securities ledger on Robinhood Chain, one block confirmation for a legal transfer, investor fee rates - Robinhood RHJ: Service Provider Details · primary · accessed 2026-09-23
Supports: Bitstamp Global Ltd Authorised Participant, Alpaca Securities broker and custodian, JPMorgan paying account, Security Agent Services AG - Robinhood RHJ: Restricted Jurisdictions · primary · accessed 2026-09-23
Supports: US persons barred, prohibited investor countries - Robinhood RHJ: About the issuer · primary · accessed 2026-09-23
Supports: issuer Robinhood Assets (Jersey) Limited, registration 162428, LEI 984500ADFHQZ9D6B9A29, issuer not regulated - Robinhood Chain docs: Stock Tokens · primary · accessed 2026-09-23
Supports: standard ERC-20, 18 decimals, self-custodied, 24/7, tokenization window for minting, ERC-8056 multiplier, only Authorised Participants mint - Robinhood Chain docs: Building with Stock Tokens · primary · accessed 2026-09-23
Supports: RFQ aggregators and AMM pools such as Uniswap, NVDA quoted against USDG, stock tokens as lending collateral - Robinhood Chain docs: Connecting to Robinhood Chain · primary · accessed 2026-09-23
Supports: chain id 4663, public RPC endpoint - Robinhood RHJ assets API · primary · accessed 2026-09-23
Supports: 195 active stock tokens, all deployed on Robinhood Chain only, contract address and ISIN per token - Sourcify: verified source of the Stock implementation (Robinhood Chain) · primary · accessed 2026-09-23
Supports: adminBurn of any holder, no pause or block check, mint and burn role-gated, per-token pause, transfers check the shared blocklist - Sourcify: verified source of AccessControlsRegistry (beacon, roles, blocklist) · primary · accessed 2026-09-23
Supports: beacon implementation for every token, upgradeTo by BEACON_UPGRADER_ROLE, no delay, blockAccounts by BLOCKER_ROLE, global pause - Robinhood newsroom: Robinhood Chain mainnet and new Stock Tokens (July 2026) · primary · accessed 2026-09-23
Supports: available in more than 120 countries via Robinhood Wallet, first generation renamed Classic Stock Tokens, Classic Stock Tokens are derivative contracts with RHEU