Robinhood Markets, Inc. 

HOOD Price

What is Robinhood Markets (HOOD) tokenized stock?

HOOD tokenized stock gives crypto traders on-chain and derivatives exposure to Robinhood Markets, Inc. — the US retail brokerage listed on NASDAQ under the ticker HOOD. The tracked instruments are third-party wrappers and derivatives, not a native crypto token: a Hyperliquid xyz:HOOD market, a HyperEVM wrapper, Bitget's RHOOD rToken, and a Crypto.com HOOD/USD pair. Robinhood itself entered tokenization in June 2025 with 200+ EU stock tokens — a separate, Robinhood-issued instrument.

Is tokenized HOOD stock the same as the real Robinhood share?

No. An equity wrapper packages price exposure into a tradable instrument, not share ownership — a HOOD wrapper typically carries no shareholder rights. Robinhood's dual-class structure, in which Class B shares carry 10 votes, applies only to registered NASDAQ shareholders. Each issuer — the Hyperliquid xyz market, the HyperEVM wrapper, and Reality Protocol's RHOOD — maintains its own custody arrangement against the underlying share or a derivatives position, so the wrappers are not interchangeable.

Is HOOD available on Hyperliquid?

Yes. Hyperliquid lists a HOOD perpetual futures market under the ticker XYZ:HOOD-USD. A separate HOOD wrapper token also exists on HyperEVM as an independent instrument. The distinction matters: the perpetual references the equity price and has no wrapper issuer, while the HyperEVM wrapper is a token with its own custody arrangement. Both differ from the xStocks HOODX wrapper (Solana), which this page does not track.

What is Bitget's RHOOD rToken?

RHOOD is a Reality Protocol rToken listed on Bitget as RHOOD/USDT — one of only two spot pairs tracking HOOD exposure. The "r" prefix marks the Reality Protocol issuer convention. The rToken is a wrapper instrument with its own custody against the underlying exposure — a different product from Robinhood's own EU stock tokens, which Robinhood issues directly, and from the Hyperliquid perpetuals, which have no issuer at all.

Is "HOOD coin" a real cryptocurrency?

No. HOOD is the NASDAQ ticker of Robinhood Markets, Inc. — the asset has no native crypto coin and no fixed maximum token supply. On-chain assets named HOOD are third-party wrappers or derivatives that reference the share price. Robinhood's own stock tokens, issued on Arbitrum since June 2025, are tokenized equities as well — and they are restricted to EU/EEA customers; US customers cannot access them.

What did Robinhood's own stock token launch include?

Robinhood launched 200+ stock tokens for EU/EEA customers on June 30, 2025 — commission-free, tradable 24/5, with dividends credited in-app. Initial issuance ran on Arbitrum. The company also revealed Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit optimized for tokenized real-world assets, live on public mainnet since July 1, 2026. In July 2026, Robinhood partnered with Bitget Wallet to bring 24/7 on-chain stock-token trading to its RWA ecosystem.

How does on-chain HOOD trading differ from buying the NASDAQ share?

On-chain HOOD exposure carries risks the NASDAQ share does not. Spot liquidity is thin — most venues offer only perpetual futures, and on-chain spot markets are limited to two CEX pairs. Perpetual futures add funding rates and leverage risk absent from the listed share. A wrapper is not a share: backing quality depends on the issuer, and the issuer of the Crypto.com HOOD/USD pair is not determinable from the ticker alone.