Robinhood Tokenized Stocks Reach 120 Countries as Volume Tops $3 Billion

Robinhood’s push to put U.S. equities onchain is gaining traction, with its tokenized stocks now available to eligible users in more than 120 countries. The company’s CEO, Vlad Tenev, says the product is particularly important in markets where access to U.S. financial infrastructure is limited.

Tenev has argued that tokenization can give people exposure to American companies without requiring the same financial infrastructure available to investors in developed markets. His comments highlight one of the strongest arguments for blockchain-based securities: expanding access rather than simply changing the technology behind existing markets.

The rollout is being powered by Robinhood Chain, an Ethereum Layer 2 designed specifically around financial assets and tokenized real-world assets. The network launched its public mainnet on July 1, with Stock Tokens among its primary products.

Robinhood Takes Tokenized Equities Global

Robinhood says its Stock Tokens provide eligible international users with access to economic exposure to U.S. equities through blockchain-based assets. The tokens are available through Robinhood Wallet and can trade around the clock through decentralized exchanges connected to Robinhood Chain.

The scale of the initial rollout is significant. Robinhood launched with roughly 95 Stock Tokens across more than 120 countries, and the catalog has since expanded to more than 190 tokenized stocks and exchange-traded products. The value of tokenized equities on Robinhood Chain has also increased sharply since launch.

Robinhood Chain itself has also generated substantial trading activity. Bernstein estimated that the network processed around $3.1 billion in decentralized exchange volume during its first week, putting the new Layer 2 among the most active networks by DEX volume at the time.

However, the $3 billion figure needs an important distinction. It refers to DEX trading volume on Robinhood Chain, rather than $3 billion of tokenized-stock volume alone. More recent data shows the value of tokenized assets on the network reached about $149.4 million by September 4, with tokenized equities accounting for roughly three-quarters of that value. (The Block)

That difference does not make the development insignificant. It shows that Robinhood has created a functioning market infrastructure around tokenized assets, while giving international users access to products that traditionally require brokerage accounts, local market infrastructure and cross-border financial connections.

Tokenization Could Change How Global Investors Access Stocks

The bigger question is whether tokenized equities can become a genuine alternative to traditional brokerage access. For investors in countries with limited financial infrastructure, blockchain-based markets can potentially provide 24/7 trading, programmable settlement and access through a digital wallet.

There are still important limitations. Robinhood’s Stock Tokens are not the same as owning the underlying shares. The tokens are structured as tokenized debt securities issued by Robinhood Assets (Jersey) Limited and provide economic exposure to the underlying securities without granting direct legal or beneficial ownership of those stocks.

The structure has already attracted criticism from some U.S. companies. AMC Entertainment CEO Adam Aron has publicly challenged Robinhood’s tokenized AMC stock, arguing that the products raise questions about investor rights and corporate control. Robinhood CEO Vlad Tenev has defended the company’s approach.

Those disputes underline why regulation will remain central to the tokenization industry. Moving stocks onto a blockchain does not automatically reproduce the legal rights attached to conventional securities. Investors need to understand exactly what a token represents, who issues it and what protections apply.

For Ethereum and the wider crypto market, Robinhood’s strategy is still a significant development. Robinhood Chain is an Ethereum-based Layer 2, while Chainlink provides data and cross-chain infrastructure for its tokenized assets. This places established crypto infrastructure directly underneath a major retail-finance platform.

Related: Robinhood Chain Adopts Chainlink as Official Oracle Infrastructure

If tokenized stocks continue gaining users across international markets, the implications could extend far beyond Robinhood. The experiment is testing whether blockchain networks can become a global distribution layer for traditional financial assets, particularly in countries where conventional market access remains expensive, slow or difficult.

For now, the numbers suggest that the experiment is gaining attention, but the industry is still early. More than 120 countries have access, Robinhood Chain has processed billions of dollars in DEX activity, and the value of tokenized equities has grown since launch. The next test is whether that activity translates into sustained demand for tokenized stocks rather than short-term speculation.

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