what's Robinhood xStock?

Robinhood xStock (HOODX) is a tokenized asset that represents shares of Robinhood Markets, Inc. (NASDAQ: HOOD), enabling crypto-native trading and exposure to the stock on blockchain platforms. It is issued and traded on exchanges like Kraken's xStocks product, allowing users to hold fractional ownership of the underlying equity in a digital, on-chain format compatible with DeFi ecosystems. Settlement and pricing track the real-world stock via oracles.

Robinhood xStock now offers 24/7 trading for ten tokenized stock and ETF products.