Robinhood xStock 

HOODX Price

What is the Robinhood xStock (HOODX) tokenized stock?

Robinhood xStock (HOODX) is a tokenized tracker certificate giving crypto traders 24/7 on-chain exposure to Robinhood Markets (NASDAQ: HOOD) stock — including outside NASDAQ market hours. The token belongs to the xStocks suite of 1:1 backed tokenized US equities, issued by Backed Assets (JE) Limited under the Backed Assets framework. Robinhood Markets is the tracked company, not the token issuer. The xStocks suite launched on June 30, 2025 via Kraken and Backed.

How do Robinhood xStock (HOODX) tokens work?

HOODX works through a mint-and-redeem mechanism tied to underlying HOOD shares. When demand for on-chain exposure rises, the issuer mints new HOODX certificates against HOOD shares placed into custody; redemptions burn tokens and release shares. Supply therefore expands and contracts with issuance and redemption demand, and HOODX has no fixed maximum supply. Because circulating supply moves with this activity, live figures are best read from DropsTab rather than treated as a static number. Corporate actions such as splits are reflected through an on-chain rebasing mechanism built into the Backed contracts.

What backs the value of the HOODX token?

Each HOODX certificate is backed 1:1 by one underlying Robinhood Markets (HOOD) share held in regulated custody on behalf of the issuer. The legal form is a "Certificate (tracker of an underlying)" under the Backed base prospectus, approved in Liechtenstein by the FMA, with Swiss law as the applicable law. Backed Assets (JE) Limited, a Jersey private limited company, is the issuing entity.

Is HOODX the same as owning Robinhood (HOOD) shares directly?

No — HOODX does not convey direct share ownership or a brokerage account position. The token packages price exposure into a tradable tracker certificate, so holders hold a claim on the custodied underlying rather than shares registered in their own name. Dividends are likewise indirect: per xStocks documentation, cash dividends would pass to holders net of withholding rather than be paid in token, while splits are handled through on-chain rebasing. Robinhood Markets currently pays no dividend, so no distributions reach HOODX holders today.

How is HOODX different from Robinhood's own Stock Tokens?

HOODX and Robinhood's EU Stock Tokens are different instruments. HOODX is issued by Backed Assets (JE) Limited under the xStocks framework and trades on Arbitrum One and Solana. Robinhood Stock Tokens are tokenized debt securities issued by Robinhood Assets on Robinhood Chain (built on Arbitrum). Issuer, custodian and holder rights differ, so the two products should not be treated as one asset.

Which blockchains is Robinhood xStock (HOODX) deployed on?

HOODX is deployed on two blockchains. On Arbitrum One, the token contract is 0xe1385fdd5ffb10081cd52c56584f25efa9084015 with 18 decimals. On Solana, the token contract is XsvNBAYkrDRNhA7wPHQfX3ZUXZyZLdnCQDfHZ56bzpg. Both are verified Backed Finance token contracts. The on-chain name reads "Robinhood xStock" with the symbol HOODx, while exchange tickers use HOODX — the same instrument.

On which exchanges can HOODX be traded?

Per DropsTab data, HOODX trades as HOODX/USDT spot pairs on Bybit, Gate, MEXC, BingX, DigiFinex and Biconomy.com. On-chain, the token trades against USDC and SOL through Raydium (CLMM) and Meteora pools on Solana. Perpetual futures exist on Gate.io Futures (HOODX_USDT) and Kraken Futures (PF_HOODXUSD). Tracked DEX liquidity is Solana-centric, so on-chain Arbitrum liquidity may be thin.

What can impact the price of HOODX when US markets are closed?

HOODX tracks HOOD while US markets are open, but on-chain trading continues around the clock — so the token can drift away from the last NASDAQ close during off-hours. Redemption and arbitrage mechanics between the certificate and the underlying share are designed to bound this drift. Off-hours demand for equity exposure and per-venue liquidity depth add further short-term variance.

Who can buy Robinhood xStock (HOODX)?

HOODX is not registered under the US Securities Act of 1933 and is unavailable to US, UK, Canadian and Australian persons. Access depends on the jurisdiction and listing terms of each trading venue, so eligibility must be checked per platform. The restriction reflects the certificate's regulatory status, not a technical on-chain limitation.