Data from GMGN shows that INDEX, a token in the Robinhood Chain ecosystem, briefly pushed its market capitalization above $19 million before pulling back to $15 million, still up 96.95% over the past hour. The move came after Robinhood CEO Vlad Tenev said developers are welcome to embed tokenized stocks or real-world assets, or RWAs, into their applications. INDEX is described as a stock dividend protocol for Robinhood L2 tokenized equities. The project says it plans to use trading fees to buy on-chain stock tokens and distribute them to addresses holding INDEX. The token’s sharp move put fresh attention on projects tied to Robinhood Chain and tokenized stock infrastructure.
GMGN data shows that INDEX, a token in the Robinhood Chain ecosystem, briefly pushed its market capitalization above $19 million before trading at $15 million, up 96.95% over the past hour.
Earlier, Robinhood CEO Vlad Tenev wrote, "Developers are welcome to embed tokenized stocks or RWAs into applications."
INDEX is a stock dividend protocol for Robinhood L2 tokenized equities. The project says it will use trading fees to buy on-chain stock tokens and distribute them to addresses holding INDEX.
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