Prices move. The weights drift.
When a holding is far enough off its weight, Rebalance opens.
Anyone can press it. The rules decide the trades.
From our test build. Index funds are next on the Street.
This is our third HOOD Summit, but the first time we've taken it this far.
We called this one Engines of Creation because that's what markets are.
They take ideas, capital, and people and turn them into things that can grow.
That's what I love about building Robinhood.
The frontier keeps moving.
Six names. One share.
$AAPL. $MSFT. $NVDA. $GOOGL. $META. $TSLA.
Equal weight, in one fund.
A fixed basket, rebalanced by rules. Nobody trades it by hand, and the basket cannot change.
The first index fund is coming to the Street.
Index funds are next on the Street.
Tokenized stocks, picked by a rule instead of a person. One fund share, every holding on chain.
For when you'd rather own the market than pick a manager.
On CT, anyone can tell you what to buy.
Almost nobody buys it with you.
Managers who put their own money in their funds go on to do better. Khorana, Servaes & Wedge measured it across mutual funds (Journal of Financial Economics, 2007): https://t.co/MJeh1kwTpv
On @RWASTREET, whoever runs your money is in the fund before you are.
Fund No. 1 is claimed.
Genesis Fund, run by 0x911C…a258. First book: $DELTA, $INDEX and cash.
Opening it burned 50,000 $FUND.
Supply: 1,000,000,000 → 999,950,000.
Burn tx: https://t.co/J34G4LF1IX
Every fund after it burns another 50,000.
The fuller the Street gets, the less $FUND there is.
500,000 $FUND goes to the wallet that opened Fund No. 1.
Prize tx:
https://t.co/5zgCCCmwG6
Bring your @fomo with you:
1. https://t.co/NxfqEBuLXW
2. Connect wallet & sign in. One signature, no gas.
3. Paste your FOMO profile link. Save.
Open a fund and your FOMO sits beside your name on its card in the Terminal, where every fund is ranked in public.
Anyone reading your fund can check how you trade. Anyone who follows you on FOMO can buy in.
Fund No. 1 is still unclaimed.
We read every pool on @RobinhoodApp that holds a Robinhood stock token.
1,506 pools.
563 price the stock in dollars.
669 pair it with a coin born on this chain.
The deepest NVIDIA pool is paired with $AI.
The deepest Apple pool, with $INU.
Nobody designed this. The chain put stocks and memes in one book on its own.
@RWASTREET puts them in one fund, with a name on the door.
Start your firm.
50,000 FUND, burned once. A seed of 1 USDG or more.
Up to 16 tokens from the 42 switched on.
Fees you set once, for the life of the fund.
RWA Street does not pick managers.
https://t.co/s0HE2wGC2J