Robinhood Markets (Ondo Tokenized Stock) (HOODON) Price

$119.21

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Robinhood Markets (Ondo Tokenized Stock) (HOODON) Price Today

The live price of Robinhood Markets (Ondo Tokenized Stock) is 119.21 USD. In the past 24 hours, the trading volume of Robinhood Markets (Ondo Tokenized Stock) was 1,605,589.96 USD, down by -2.20%. The current price has decreased by -4.01% from its 7-day high of 153.78 USD, and increased by 96.21% from its 7-day low of 112.26 USD. With a circulating supply of 5,174.23 Robinhood Markets (Ondo Tokenized Stock), the market cap of Robinhood Markets (Ondo Tokenized Stock) is currently 14.13 USD, down by 0% in the last 24 hours. Robinhood Markets (Ondo Tokenized Stock) currently ranks #4279 by market capitalization among cryptocurrencies.

Robinhood Markets (Ondo Tokenized Stock) (HOODON) Market Data

Market Cap

$630.6K

24h Volume

$1.6M

Circulating Supply

5.1K HOODON

Maximum Supply

Fully Diluted Market Cap

$630.6K

Liquidity Indicator

254.60%

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About Robinhood Markets (Ondo Tokenized Stock) (HOODON)

How can I buy Robinhood Markets (Ondo Tokenized Stock) (HOODON)?

You can buy Robinhood Markets (Ondo Tokenized Stock) (HOODON) on supported CEXs, DEXs, or crypto wallets, although it is not yet listed on BingX. See our How to Buy Robinhood Markets (Ondo Tokenized Stock) guide for details. Sign up with BingX to trade HOODON first when it goes live.

What Is Robinhood Markets Tokenized Stock (Ondo) (HOODON) and How Does It Work?

Robinhood Markets Tokenized Stock (Ondo) (HOODon) is a blockchain-based token that represents fractional exposure to the underlying shares of Robinhood Markets Inc. (HOOD). It is issued through Ondo Finance’s Global Markets platform, which focuses on tokenizing real-world assets (RWAs) like equities and bonds for on-chain accessibility. Each HOODon token mirrors the value of one share of Robinhood Markets, giving global investors a way to gain exposure to HOOD stock without going through traditional brokerage accounts.

HOODon works by maintaining a 1:1 linkage between the token and the underlying asset. Licensed custodians hold the Robinhood stock off-chain, while the equivalent tokens are issued on-chain, primarily on Ethereum. Investors can mint new HOODon tokens by depositing eligible collateral or redeem them for the underlying asset, ensuring that the token’s value closely tracks Robinhood’s stock price. Dividends, if declared, are reflected through the token’s NAV or reinvestment mechanisms. This setup allows non-U.S. investors to trade Robinhood equity exposure 24/7 on crypto exchanges, bridging traditional finance and decentralized markets.

When Did Robinhood Markets Tokenized Stock (Ondo) (HOODON) Launch?

HOODon was launched by Ondo Finance, a platform focussed on tokenizing RWAs, such as U.S. stocks and ETFs, to make them accessible onchain for non-U.S. retail and institutional investors. The token gives holders economic exposure to Robinhood Markets stock (HOOD), including accrual of dividends. The inception date of HOODon is July 31, 2025.

The founding team at Ondo is led by Nathan Allman (Founder & CEO), with a background in traditional finance (including Goldman Sachs) and strong focus on bridging traditional asset markets with blockchain tech. Key members such as Justin Schmidt (President & COO) also come from finance (again Goldman Sachs), and others from firms like BlackRock.

Ondo Finance Strategic Roadmap

From Ondo’s published materials and analysis reports:

- Phase 1: Expand adoption, integrations & liquidity for tokenized cash equivalents, e.g. stable equivalents, money-market like assets, and cross-chain utility.

- Phase 2 & Beyond:

• Continue tokenizing additional asset classes, including more U.S. stocks, ETFs, possibly bonds.

• Build more infrastructure: minting & redeeming, compliance, custody, legal frameworks.

• Improve ease of access and user experience for non-U.S. participants.

- Regulatory & Compliance Focus: Ensuring that tokenized stocks like HOODon maintain legal clarity, risk mitigation, and that custodial relationships are well-structured.

- Team Growth & Partnerships: Ondo has assembled people from traditional finance (Goldman Sachs, BlackRock) along with Web3 / DeFi backgrounds, such as OpenSea, MakerDAO, etc. Partnerships and integrations with exchanges and platforms are ongoing.

What Is the HOODON Token Used for?

The HOODon token is used to provide on-chain exposure to Robinhood Markets Inc. (HOOD) stock through Ondo Finance’s tokenization platform. Each HOODon token mirrors the value of one share of Robinhood, giving investors a way to participate in Robinhood’s equity performance without going through traditional brokerage accounts. The token can be minted or redeemed via Ondo’s Global Markets framework and is designed for non-U.S. investors seeking compliant access to U.S. equities.

On BingX, you can trade HOODon tokens on the spot market just like any other cryptocurrency. Simply deposit USDT into your BingX account, search for the HOODON/USDT trading pair, and place buy or sell orders directly from the spot trading interface.

What Is Robinhood Markets Tokenized Stock (Ondo) Tokenomics?

Robinhood Markets Tokenized Stock (Ondo) (HOODon) follows a straightforward tokenomics model designed to mirror the real-world performance of Robinhood Markets Inc. (HOOD) shares. Each HOODon token is backed 1:1 by the underlying stock held by licensed custodians, ensuring that its Net Asset Value (NAV) closely tracks the price of HOOD in traditional markets. Unlike typical crypto assets, HOODon does not have a fixed max supply or inflationary issuance; instead, supply is dynamic and expands or contracts through minting and redemption based on investor demand. This mechanism keeps the circulating supply aligned with the actual stock holdings.

Because HOODon is a tokenized equity, it does not rely on staking rewards or token emissions for distribution. Instead, holders benefit from exposure to Robinhood’s stock price movements and dividends, which are either reinvested or reflected in the NAV. The tokenomics are focused on transparency and compliance, with no management or performance fees, making it a capital-efficient vehicle for non-U.S. investors to access U.S. equities in a tokenized, 24/7 trading environment.

How Does HOODON Differ From Holding HOOD Stock Directly?

HOODon differs from holding Robinhood Markets (HOOD) stock directly because it is a tokenized representation of the equity rather than the actual stock certificate. When you buy HOODon, you are gaining economic exposure to Robinhood’s stock price movements and dividends through Ondo Finance’s on-chain structure. However, you do not hold traditional shareholder rights such as voting power or direct ownership of the equity. Instead, licensed custodians safeguard the underlying HOOD shares that back each token, and Ondo ensures that the HOODon supply matches those holdings.

Another key difference is accessibility and flexibility. HOODon can be traded 24/7 on cryptocurrency exchanges like BingX, while HOOD stock is limited to traditional market hours on Nasdaq. HOODon is also designed for non-U.S. investors who might otherwise face regulatory or brokerage barriers when trying to buy Robinhood stock. This makes HOODon more globally accessible, with faster settlement times and the ability to integrate with DeFi platforms, although it comes with its own risks such as regulatory uncertainty and reliance on custodians.

What Blockchain Network Does Robinhood Markets Tokenized Stock (Ondo) Operate on?

Robinhood Markets Tokenized Stock (Ondo) (HOODon) operates on the Ethereum blockchain, issued as an on-chain native token under Ondo Finance’s Global Markets framework. Ethereum provides the security, transparency, and smart contract functionality needed to ensure that each HOODon token is backed 1:1 by underlying Robinhood (HOOD) shares held by custodians. This setup allows investors to trade, mint, and redeem HOODon seamlessly while benefiting from Ethereum’s global accessibility and integration with DeFi applications.

How to Store HOODON Tokens Securely

The easiest and most secure way to store your HOODon tokens is directly on BingX. When you buy HOODon on the BingX spot market, your tokens are automatically held in your BingX wallet, protected by advanced security measures such as multi-layer encryption, cold storage, and the BingX Proof of Reserves (PoR) system audited by Mazars. This option is ideal for active traders who want instant access to their tokens for buying, selling, or converting without the hassle of transferring to external wallets.

For long-term holders who prefer self-custody, HOODon tokens can also be stored in Ethereum-compatible wallets, since the token operates on the Ethereum blockchain. Options include software wallets like MetaMask, Trust Wallet, or Base App, as well as hardware wallets such as Ledger or Trezor for maximum offline security. When using external wallets, it’s important to safeguard your private keys, enable two-factor authentication where available, and always verify that you’re interacting with the official HOODon contract to avoid phishing or scam tokens.

Is Robinhood Markets Tokenized Stock (Ondo) (HOODON) a Good Investment?

Robinhood Markets Tokenized Stock (Ondo) (HOODon) can be a good investment if you want blockchain-based exposure to Robinhood (HOOD) without using a traditional brokerage, offering 24/7 trading and global access. It benefits from the growth of both Robinhood as a company and the broader tokenization trend, but it also carries risks such as stock price volatility, regulatory uncertainty, and the lack of direct shareholder rights. Investors should view HOODon as an innovative but higher-risk way to diversify into U.S. equities through tokenized assets.

Info Source

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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