Robinhood xStock

HOODX Price

About Robinhood xStock (hoodx)

Robinhood xStock (hoodx) is a tokenized representation of publicly traded Robinhood (HOOD) equity, providing onchain exposure to the underlying asset.

• The token is fully collateralized 1:1 by HOOD shares held in segregated accounts with regulated custodians.
• It is designed to be DeFi composable, allowing users to use tokenized stocks as collateral or liquidity in decentralized protocols.
• Corporate actions such as dividends and stock splits are automatically reflected through an onchain rebasing mechanism.

What Is Robinhood xStock

Robinhood xStock allows users to hold and trade Robinhood equity in a blockchain-native format. It bridges traditional capital markets and the onchain economy by wrapping traditional stocks into standard token formats like ERC-20. The token is "put to work" by being integrated into decentralized finance (DeFi) protocols, where it can be used for lending, borrowing, or as part of structured financial products. As the xStocks ecosystem grows, more platforms and protocols integrate these tokens, increasing liquidity and utility across multiple blockchains.

What Makes Robinhood xStock Unique

Robinhood xStock offers 24/7 market access, allowing it to be traded around the clock on decentralized exchanges, unlike traditional brokerages with limited hours. The assets are held in a bankruptcy-remote Special Purpose Vehicle (SPV), ensuring the collateral is protected from the issuer's insolvency. Furthermore, hoodx is issued natively on several networks, including Ethereum, Solana, and Arbitrum, enabling cross-chain movement of equity value. The project maintains transparency through publicly verifiable proof of reserves and segregated custody accounts governed by three-party agreements.

What Can You Use Robinhood xStock for?

• Self-Custody: Users can hold Robinhood equity in their own private wallets rather than relying on a traditional brokerage account.
• DeFi Collateral: hoodx can be used as backing for borrowing other assets within decentralized lending markets.
• Liquidity Provision: Holders can provide hoodx to decentralized exchange pools to earn protocol service fees.
• Global Transfer: The token enables the permissionless transfer of equity value across borders without traditional banking intermediaries.

How Does Robinhood xStock Work?

When a token is issued, the issuer purchases the equivalent amount of HOOD stock and places it in custody. To handle corporate actions like dividends, the protocol uses a rebasing mechanism that adjusts the token balance in a user's wallet to reflect the 1:1 economic value of the underlying shares. This ensures the token remains "true to price" without requiring manual intervention from the holder. Authorized users can redeem the tokens for the underlying value through the issuer during U.S. market hours, provided they are not US persons.

Team Info and Investors

Robinhood xStock is backed by BackedFi and operates within the xStocks Alliance, a group of exchanges and protocols dedicated to Real World Assets (RWA). Key partners include major industry players like Kraken, Bybit, and the Solana Foundation. The structural framework is governed by an independent Security Agent and audited smart contracts to ensure robust investor protection.

Where can you buy Robinhood xStock?

HOODX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Robinhood xStock is Kraken, where the most active trading pair HOODX/USD has a trading volume of $213,276.63 in the last 24 hours. Other popular options include Gate and Bybit.

What is the daily trading volume of Robinhood xStock (HOODX)?

The trading volume of Robinhood xStock (HOODX) is $1,574,143.33 in the last 24 hours, representing a -22.20% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Robinhood xStock (HOODX)?

Robinhood xStock (HOODX) reached an all-time high of $533.13 and an all-time low of $63.67. It’s now trading -77.60% below that peak and 87.10% above its lowest price.

What is the market cap of Robinhood xStock (HOODX)?

Market capitalization of Robinhood xStock (HOODX) is $11,913,871 and is ranked #1156 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of HOODX tokens (100 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Robinhood xStock (HOODX)?

The fully diluted valuation (FDV) of Robinhood xStock (HOODX) is $228,281,258. This is a statistical representation of the maximum market cap, assuming total number of 1.9 Million ETH tokens are in circulation today.

How does the price performance of Robinhood xStock compare against its peers?

With a price decline of -4.20% in the last 7 days, Robinhood xStock (HOODX) is underperforming the global cryptocurrency market which is down -2.70%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 7.50%.