TOKENPOST
1 min read
Add as a preferred source on Google

Robinhood Chain’s Tokenized QQQ Tops $7.18 Million in Market Cap

The token offers economic exposure to Invesco QQQ but does not give holders fund shares or shareholder rights.

By Enna Lee
Published
A clear token rests between two intersecting brushed-metal rails / TokenPost.ai (macro)
A clear token rests between two intersecting brushed-metal rails / TokenPost.ai (macro)

Robinhood Chain’s tokenized Invesco QQQ (QQQ) stock token had a market capitalization above $7.18 million, offering economic exposure to the Nasdaq-100 ETF without direct ownership of fund shares.

The token does not give holders shareholder rights. It can trade outside regular U.S. stock-market hours and be used in onchain trading and lending. It is also described as self-custodial and composable.

Two meme projects say they use tokenized QQQ for rewards. $NASDANQ says it distributes the asset to eligible holders through transaction fees, while $UNICORN says it pays stakers in tokenized QQQ.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…