Robinhood-linked stock tokens are being used as a new source of liquidity in meme coin trading, according to a Bloomberg-cited report carried by Odaily. These digital securities track individual stocks and are backed 1:1 by corresponding shares held by custodians, allowing them to circulate in open crypto markets. Traders can pair the tokens with meme coins in liquidity pools and swap between them directly, turning stock exposure into an on-chain trading instrument.
Bloomberg, citing Dune data, said daily trading volume for stock token and memecoin pairs briefly climbed to about $440 million in early September before falling back quickly. Separate data from RWA.xyz showed that some of the most active stock tokens tracked assets including an S&P 500 ETF, Nvidia, SpaceX and Meta, with their combined market capitalization at one point reaching roughly $69 million. The report also noted that some prices in these markets may diverge sharply from the underlying stocks, while the U.S. regulatory environment has started to leave room for tokenized equity trading after the SEC granted temporary relief for certain forms of on-chain trading in tokenized U.S. stocks.
Robinhood stock tokens are becoming a new type of liquidity asset in meme coin trading, according to an Odaily report citing Bloomberg. The tokens track individual stocks and are digital securities backed 1:1 by corresponding shares held by custodians.
Because these tokens can circulate in open crypto markets, traders can pair them with meme coins in liquidity pools and swap them directly. That structure brings stock exposure into on-chain speculative trading.
Bloomberg, citing Dune data, said daily trading volume in stock token and memecoin pairs reached about $440 million at one point in early September, then dropped back quickly.
Data from RWA.xyz showed that some of the better-known stock tokens tracked assets including an ETF tied to the S&P 500, as well as Nvidia, SpaceX and Meta. Their combined market capitalization briefly stood at about $69 million.
On Robinhood Chain, the reported trend is being viewed as another use case for tokenized equities, combining traditional stock exposure with meme coins, liquidity pools and on-chain speculative activity. The report added that prices in some of these trades may deviate significantly from the underlying stocks.
At the same time, the U.S. regulatory setting has started to leave some room for tokenized stock trading. The report said the U.S. Securities and Exchange Commission, or SEC, had previously granted temporary relief for on-chain trading of tokenized U.S. stocks under specific conditions.
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