Morning Minute: Tokenized Stocks Jump 5x on Robinhood Chain

1 month ago 4

Tyler Warner

Mon, July 27, 2026 astatine 7:00 AM CDT 4 min read

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt.

GM!

Today's apical news:

Crypto majors are greenish arsenic Oil falls 8%; BTC astatine $65k, ETH $1,960
ETH ETFs spot $103M successful nett inflows past week compared to $33M for BTC
BitMart shuts down its exchange, pursuing BitMex
ZEC Ironwood Upgrade acceptable to motorboat time
Pons captures 80% marketplace stock connected Robinhood up of v2 launch; PONS hits caller ATH

📈 Robinhood Chain's Tokenized Stocks Jump 5x

Tokenized real-world assets (i.e. banal shares trading onchain) connected Robinhood Chain person jumped astir fivefold successful nether 2 weeks to astir $70 million.

When Robinhood Chain launched connected July 1, memecoins instantly took over, and it seemed that Robinhood had spent wealth gathering infrastructure lone to pull speculation. That's present shifting. A twelve tokenized stocks are each clearing much than $500,000 successful regular volume, with 5 supra $1 million, led by GameStop astatine $26.6 cardinal a day, Nvidia astatine $14 million, and SpaceX astatine $6.4 million.

The broader concatenation has scaled accelerated alongside it. Total worth locked (TVL) has astir tripled since mid-July to astir $312 million, the concatenation is clearing much than $600 cardinal successful regular DEX volume, and it's logged implicit 138 cardinal transactions successful 30 days, putting it among the astir progressive networks successful crypto. On the tokenization broadside specifically, implicit 100 assets person been tokenized and full RWA worth is nearing $25 million. Daily trading volumes person spiked from ~$5M/day to $60M/day (the biggest maturation story).

What makes this much absorbing and timely, is that Robinhood reports net this week. That puts Vlad Tenev connected a telephone with Wall Street analysts days aft this information landed, and helium has each inducement to speech astir it. Tenev has been the loudest dependable hyping the chain, from the "Robinhood Summer is here" station to fanning the memecoin frenzy, and tokenization is the strategical communicative that justifies the full physique to shareholders. Expect him to thin hard into the RWA and tokenized-equity numbers.

The question for the marketplace is if HOOD banal is pricing successful this maturation yet oregon not, and however precisely Vlad volition rotation it (and if they person immoderate different surprises up their sleeve). My gut is—it's not priced in. We volition find retired this week…

🌎 Macro Crypto and Markets

Crypto majors are precise greenish arsenic lipid fell 7% connected Iran bid progress; BTC +1% astatine $65k; ETH +4% astatine $1,960; SOL +2% astatine $76.5; HYPE +3% astatine $59.90
PUMP (+18%), LIT (+11%) and ZRO (+10%) led apical movers
Oil -7% astatine $83; Gold +1% astatine $4,100
Stock futures are precise greenish with Oil dropping; DOW +1.1%, Nasdaq +1.5%
Crypto speech BitMart is shutting down aft 9 years, with its BMX token crashing 58% connected the news, the 2nd speech closure successful a week aft BitMEX
Strategy overhauled its Bitcoin metrics to amusement nett vulnerability aft elder claims, pegging its "Net Reserve" astatine $36.6 cardinal erstwhile $22.3 cardinal of preferred banal and convertible indebtedness is stripped out, and permanently anchoring the equity-issuance threshold astatine 1.0x mNAV
A $5 cardinal cluster has formed successful Bitcoin options, which analysts work arsenic a bullish setup heading into the Fed week
A US regulator warned prediction markets against cutting corners connected lawsuit contracts
Russia's largest bank, Sberbank, plans crypto trading infrastructure by December
Institutional trading level LMAX is exploring a merchantability oregon IPO, moving with Morgan Stanley and KBW to measurement its options
Brazilian farmers tokenized dairy cows to get loans, bypassing slope lending limits, successful the latest real-world tokenization usage lawsuit