Core concepts
Robinhood Stock Tokens
The asset a split consumes: tokenized exposure to a listed stock or ETF, which already passes its dividends through.
A Robinhood Stock Token is a tokenized debt security that tracks a listed stock or ETF. It carries the price of the underlying and passes through eligible cash distributions such as dividends. It is economic exposure — not share ownership — and it carries no voting rights.
- Tracks
- One listed stock or ETF
- Passes through
- Eligible cash distributions
- Does not carry
- Voting rights or share ownership
- Verified against
- The official token registry
Which tokens get listed#
Unlockable only lists tokens whose contracts match the official Robinhood registry. Every market page links the canonical contract and the issuer’s reference data, and every price the app shows comes from the same public market data that registry points at.
The token is already two things#
Because the token passes dividends through, it is naturally two streams stapled together: a price, and a payout. Unlockable does not invent that structure. It only makes it possible for the two streams to be owned by different people.