Robinhood's stock tokens have generated $15 billion in cumulative trading volume, the company said, as its blockchain passed 100 days since going live on July 1. It put the number of token holders at about 200,000.
The figures were reported yesterday (Monday) by The Defiant, which attributed them to the company. Robinhood had not published them on its newsroom by Tuesday morning.
London's trading industry is coming home!
September did much of the work. Robinhood handled about 42% of onchain equity trading volume that month, or roughly $6.57 billion, according to Crypto Briefing. That one month accounts for more than 40% of the cumulative total the company reported.
Kraken, Bybit and an ICE-Backed Venue
Kraken's xStocks, issued by another Jersey entity, had more than $800 million in backing assets and 300,000 holders in September, by Kraken's own count.
- AMC Chief Asks Robinhood Whether Its Stock Tokens Are Fully Backed
- Robinhood Crypto Volumes Jump 61%, but Remain 38% Below Last Year
- Robinhood's OGC Nice Shirt Deal Draws French Scrutiny Over Prediction Markets
Bybit went another way on Monday, when it moved from stock CFDs to more than 1,000 US shares and exchange-traded funds settled in USDC through Alpaca.
The OKX venture backed by Intercontinental Exchange (ICE) plans round-the-clock trading in 63 tokenized US stocks under a Securities and Exchange Commission (SEC) exemption.
That exemption, announced in September, requires tokens to carry the voting, dividend and liquidation rights of the underlying shares. Robinhood's tokens give holders price exposure without a vote.
Debt Securities Issued From Jersey
Robinhood Assets (Jersey) Limited issues each token as a debt security backed one-for-one by stock held in custody. The tokens track more than 190 US stocks and funds, are sold in more than 120 countries and are closed to US persons.
Robinhood first sold stock tokens to European Union customers in June 2025 on Arbitrum One, and its shares hit a record high on the rollout. The new chain is its own Ethereum layer-2 network built on Arbitrum technology, with trading through a Uniswap market and lending through Morpho.
Under its license with Arbitrum, the chain returns 10% of protocol net revenue to the ArbitrumDAO treasury and its developer guild, according to a DAO factsheet.
About $1.1 billion has been deposited on the network, according to Morpho's dashboard. The backing itself drew questions last month, when AMC Entertainment chief executive Adam Aron asked whether collateral shares could be lent to short sellers.
Most activity on the chain so far has come from crypto-native users rather than Robinhood's brokerage customers, TokenPost reported. Trading in meme tokens paired with stock tokens reached $518 million, according to the same report.
The company plans to keep covering token-swap network fees above 50 cents through December 31, TokenPost said.
