Tokenised equities
Robinhood Markets, fintech, on Arbitrum since June 2025.
US stock and ETF tokens issued initially on Arbitrum for eligible EU and EEA customers. IMPORTANT: these are structured as instruments tracking the underlying, not legal share ownership. Contrast with the Ondo US row, where holders receive full shareholder rights.
In the record
14
months from first observation to the record's assessment of August 2026
13
fintech rows in the record, this one included
2
rows filed to Arbitrum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R5Which network do we settle on, and how do we get out?
needs design
More than a hundred networks and no neutral selection framework. Our own record shows institutional issuance concentrated on mainnet, with layer twos carrying stablecoin float rather than funds.