Robinhood Markets (Ondo Tokenized Stock) 

HOODON Price

What is Robinhood Markets (Ondo Tokenized Stock)?

HOODON is a total-return tracker token issued on Ethereum by Ondo Global Markets (BVI) Ltd, giving holders the same economic exposure as owning Robinhood Markets (NASDAQ: HOOD) shares with dividends reinvested, net of withholding tax. Ondo Global Markets launched in September 2025 with 100+ tokenized US stocks and ETFs. HOODON is a tokenized equity — an RWA wrapper — not a coin, and not the ONDO governance token.

How does HOODON token minting and redemption work?

Ondo's platform mints HOODON when a user deposits USDC, which is atomically converted 1:1 to USDon and used to purchase the token in a single transaction. The minimum mint is $1.00, and no mint or burn fees apply. Redemption reverses the flow: USDon redemption is always instant, and USDC redemption is instant subject to stablecoin-swapper liquidity. Tokens are destroyed on redemption.

Does HOODON have a fixed token supply?

HOODON has no fixed maximum supply — supply floats with minting and redemption of the underlying exposure. As of August 2026, per DropsTab data, approximately 52,900 HOODON exist. The token also circulates outside Ethereum: rwa.xyz tracks additional HOODON balances on BNB Chain and Solana. No mining or staking emission exists.

What backs HOODON's value?

A bankruptcy-remote SPV holds the underlying assets, with full backing plus overcollateralization, a third-party security agent, and daily attestations — per Ondo's official documentation. The structure separates holder claims from issuer insolvency risk. The residual risks are tracker divergence from the HOOD share price over time and dependence on Ondo's platform for primary redemption, not exchange order books.

Does HOODON give shareholders rights in Robinhood Markets?

No — HOODON confers no voting rights and no statutory shareholder rights in Robinhood Markets, Inc. The token delivers economic exposure only: price performance of HOOD plus a dividend-reinvestment-equivalent return. One HOODON token does not necessarily equal the value of one HOOD share, because tracker pricing can diverge from the underlying equity.

Is HOODON the same as the ONDO token or Robinhood's tokenized stocks?

No — three distinct instruments share overlapping names. HOODON is the Ondo-issued Ethereum tracker covered on this page. The ONDO token governs Ondo Finance the protocol and carries no HOOD exposure. Robinhood's EU "Classic Stock Tokens" run on Robinhood Chain, a separate product with separate custody. HOODON's Ethereum contract is 0x998f02A9E343EF6E3E6f28700d5A20F839fD74E6.

Where can the HOODON tokenized stock be traded?

Per DropsTab data, HOODON trades on multiple spot CEX venues — BingX, MEXC, and Gate — all quoted against USDT. No derivative or DEX markets are tracked, so secondary liquidity sits entirely on mid-tier centralized order books. The primary liquidity channel is Ondo's own mint/redeem platform, and secondary-market depth is materially thinner than the underlying HOOD equity.

Can HOODON be traded and redeemed on weekends?

Trading runs on ~24/5 sessions — Sunday 8:05pm ET through Friday 7:59pm ET, with brief pauses at session boundaries — per Ondo's docs. A per-asset Off-Hours session extends some assets toward 24/7 coverage over weekends and US holidays. On-platform redemption stays available around the clock, subject to stablecoin-swapper liquidity for USDC exits.