Robinhood Chain Gains 15 Tokenized Stocks and ETFs From Ondo

Ondo has added 15 tokenized stocks and exchange-traded funds to Robinhood Chain. Eleven are available in Uniswap v4 StablePair pools, where users can swap Ondo Stocks for Robinhood Stock Tokens tied to the same underlying assets.

Users who supply assets to the pools as liquidity providers can earn fees. Four of the new tokens — HOODon, FXIon, BMNRon and CPERon — have no matching Robinhood Stock Tokens.

Eleven of the 15 Ondo Stocks can be minted and redeemed 24 hours a day, seven days a week, on Ethereum and BNB Chain. Robinhood Stock Tokens pause minting and redemption on weekends. The different schedules can give traders another way to access liquidity or exit during those pauses, while the pools offer arbitrage opportunities intended to narrow gaps between onchain token prices and underlying asset prices.

Ondo Stocks can also be transferred among Robinhood Chain, BNB Chain and Ethereum through Ondo Bridge.