INDEX, a token in the Robinhood Chain ecosystem, has pushed its market capitalization above $16 million, reaching $16.02 million, according to GMGN market data cited by ChainCatcher. The token doubled over the past hour. The move appeared to coincide with fresh comments from Robinhood CEO Vlad Tenev, who said developers are welcome to embed stock tokens or real-world assets, or RWAs, into their applications. Separately, INDEX had previously said it would use trading fees to buy on-chain stock tokens and distribute them to INDEX holding addresses. The report did not provide more detail beyond the quoted remarks and market figures.
INDEX, a token in the Robinhood Chain ecosystem, saw its market capitalization rise above $16 million and reach $16.02 million, according to GMGN market data cited by ChainCatcher. The token doubled over the past hour.
The report said the immediate trigger for the sharp move may have been recent comments from Robinhood CEO Vlad Tenev. He said, "Developers are welcome to embed stock tokens or RWAs into your applications."
In an earlier update, the INDEX project said it would use trading fees to buy on-chain stock tokens and distribute them to addresses holding INDEX.
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