$INDEX breaking out👀
- $INDEX funded by wallet that funded RH chain
- Followed by @vladtenev on X and shilled on @TheICHpodcast
- listed on multiple CEX
- Continue to grow ecosystem to reward Index holders with now ETF-onchain
- Upcoming partnership with @Uniswap ,@TradePools
$INDEX ticker has been re-added and fixed on @RobinhoodCrypto on the same day @vladtenev shared redemption and voting are coming to stock tokens.
Do you believe in signs?
What does this mean?
Hmmm
With Stock Tokens TVL reaching over $170M and nearly $50B in DEX volume on the Robinhood Chain, we are getting more questions about what they are and how they work.
All Robinhood Stock Tokens are backed 1:1 with real shares in secure custody. And Stock Tokens receive the economic equivalent of dividends and corporate actions returns reinvested into their holdings.
In other words, when a new Stock Token is minted, we buy a real share of the company at the same time.
What about in-kind redemption and voting rights? Not yet, but they’re coming. Step one is to scale adoption of Stock Tokens. We’re actively working on redemptions for shares 1:1 with voting for eligible Stock Token holders on the roadmap. We know how to do this well: we run a shareholder engagement platform, Say by Robinhood, which allows shareholders to participate in actions like voting.
What about the technology? We built Stock Tokens to be composable, which allows developers to build new innovative offerings like we have seen the past few weeks, with many that we have yet to discover.
What am I the most excited about? Billions of people in the world don't have access to U.S. investment assets. With Stock Tokens, that era is ending. Any eligible customer with a phone and an internet connection can now get exposure to the most exciting market in the world.
My new fav way of looking at stock performance is by checking https://t.co/noZJak1A49 by @TheIndexFi
is slowly becoming the go-to place for all things tokenized stocks on robinhood
this is why I kept the $INDEX thesis
Blend just went live
from stock rewards -> custom onchain portfolios
the product stack is getting deeper, and imo that matters way more than short term price action
team is cooking, good.
@TheIndexFi If we don't know who you are, how can you be trusted? I have to fill your baskets, which you could steal if you wanted, and I'd be left with your token index, which is currently in a very questionable state. There needs to be more transparency.
Hey there @DanGallagherDC, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
The robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870 Ecosystem is starting to compound.
Indices: lets tokens build onchain treasuries that turn fees into stock rewards, buybacks or deeper liquidity.
Blend: build and trade onchain baskets of stocks and memes, behaving like ETFs. A share of protocol revenue goes straight back into robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870.
https://t.co/ifQngdlPfN: trade real world assets with leverage and earn Lighter points.
Protocol and terminal fees across these products flow back into robinhood:0x56910d4409f3a0c78c64dd8d0545ff0705389870, funding deeper liquidity and more stock rewards for holders.
@coinerhit So, who’s actually going to fill their baskets of stocks and ETFs? Now, if Robinhood integrated them into its app and listed them on the spot market—or if they got acquired—that would make sense. But as it stands, the whole thing seems a bit odd.
@coinerhit Honestly, I really don't like the fact that the team is hidden—there's no mention of a team or even who the developer is. It all seems a bit strange.