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Frequently Asked Questions

What are Robinhood Stock Tokens?

Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They provide economic exposure to underlying securities but do not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.

Who can purchase Stock Tokens?

Stock Tokens are designed for global investors who want exposure to US capital markets. Stock Tokens are not available in the US or to US persons and are subject to restrictions in other jurisdictions, including Canada, the United Kingdom, and Switzerland. A full list of restrictions is available here.

Due to regulatory restrictions, Stock Tokens are not available everywhere, including residents of the United States, Canada, the United Kingdom, or Switzerland.

How can I buy and hold Stock Tokens?

Where available, you can discover and swap Stock Tokens through Robinhood Wallet, decentralized exchanges (DEXs), or centralized exchanges (CEXs).

Are these tokens actually backed by real stocks?

Yes. Every single Stock Token in circulation is backed 1:1 by the corresponding underlying equity. The underlying shares are held securely by our US-based custody partner.

How do I receive dividends on my Stock Tokens?

Instead of distributing cash dividends, a multiplier mechanism is used. When an underlying company pays a dividend, the dividend is automatically reinvested to purchase more shares of that stock. Instead of receiving a cash payout, your token's multiplier increases. This means your token dynamically represents more than one share of stock over time.

Can I redeem my Stock Tokens?

Yes. You can sell your Stock Tokens from time to time in the secondary market. You can also redeem them directly with the Issuer, where there is no authorized participant (a firm that processes redemptions on investors' behalf), subject to completing the Issuer's KYC/AML (identity verification) processes.

What happens to my Stock Tokens if Robinhood goes bankrupt?

Your Stock Tokens are backed 1:1 by the underlying shares, held by a licensed custodian. In the unlikely event of the Issuer's insolvency, an independent security agent will sell the underlying shares, and arrange for the cash proceeds to be paid to token holders.

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The Products have not been and will not be registered under the U.S. Securities Act of 1933, as amended from time to time (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States. The Products may not be offered, sold or delivered within the United States to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act ("Regulation S")), and may be offered, sold or otherwise delivered at any time only outside of the United States and to transferees that are not U.S. Persons (as defined in Regulation S).