[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Eli5DeFi [@eli5_defi](/creator/twitter/eli5_defi) on x 38K followers Created: 2025-07-01 12:00:24 UTC ➥ Internet Capital Market XXX - When Traditional Stocks Go On-Chain Yesterday brought a major shakeup: three major CEXs are bringing traditional stocks on-chain. And they're not just any platforms; check out these powerhouses launching almost in unison: ➠ @RobinhoodApp Stock Tokens ➠ @krakenfx - @Bybit_Official - @xStocksFi ➠ @Gemini Tokenized Stocks Let's dive in our 30s report🧵 ... — Robinhood Stock Tokens / $HOOD ➠ Robinhood is expanding into tokenized stock assets on Arbitrum for European customers via @RobinhoodApp_EU. ➠ This will include over XXX U.S. stocks and ETF tokens, complete with dividend support, offered directly through the Robinhood App with X% trading commission fees. ➠ The development is multi-phased. Phase X involves trading 24/5 through brokers, with a transition to fully on-chain operations using Robinhood Chain. ➠ As an initial strategy, they are distributing private company stock tokens for @OpenAI and @SpaceX. ➠ Robinhood has announced Robinhood Chain, a Layer X (or potentially Layer 3) rollup, partnering with @arbitrum. This chain is optimized for tokenized real-world assets and designed to support 24/7 trading, seamless bridging, and self-custody. ➠ Robinhood is also making several additional announcements: - Relaunching $SOL and $ETH staking for U.S. users - Introducing Robo-Advisors for hands-off investment, powered by Cortex AI - Revamping product suites, including deposit boosts and credit card rewards - Offering Perpetual Futures for EU customers via @Bitstamp - Establishing USDG as the native stablecoin for the Robinhood ecosystem ... — Kraken and Bybit - @xStocksFi ➠ xStocks provide tokenized U.S. equities to eligible non-U.S. clients, offering SPL-based tokens on @Solana in partnership with @BackedFi with plans for multi-chain integration. ➠ xStocks offer 24/7 self-custody and withdrawal (unlikeCEX that only allow 24/5), and can be used in DeFi apps on Solana like @KaminoFinance, @JupiterExchange, @RaydiumProtocol and @byreal_io ➠ At launch, xStocks will include XX assets (55 stocks, X ETFs) like Tesla and Apple, with no trading fees but possible spreads. ➠ Dividends are auto-reinvested, increasing your xStocks balance instead of cash payouts. ➠ xStocks provide asset price exposure but it doesn't have shareholder rights like voting or cash dividends. ... — Gemini Tokenized Stocks (GTS/ dSharesTM) ➠ GTS is an ERC-20-based token representing stocks from Gemini, built on Arbitrum in partnership with @DinariGlobal. Its first product is the tokenized @MicroStrategy / $MSTR, with plans to support multiple blockchain networks. ➠ GTS enables fractional ownership of stocks and is initially available to EU customers. There are plans to regularly add more stocks and ETFs. ... — Is it Good or Bad? On-chain stocks, like Kraken's xStocks, Robinhood's stock tokens, and Gemini's tokenized stocks, could draw more traditional investors into crypto. This might increase demand for native blockchain tokens (such as SOL and ETH), boosting liquidity. However, it could also shift focus away from pure crypto assets aka altcoins, potentially affecting market dynamics. Platforms like Hyperliquid also might face competition as users trade tokenized stocks directly. These platforms could likely adapt by offering derivatives on these stocks, but this could strain liquidity if capital shifts significantly. On the other hand, for DeFi enthusiasts, on-chain stocks offer exciting possibilities. This could expand DeFi's asset base, bridging traditional finance with decentralized protocols, though regulatory hurdles might slow progress.  XXXXXX engagements  **Related Topics** [tokenized](/topic/tokenized) [xstocksfi](/topic/xstocksfi) [krakenfx](/topic/krakenfx) [exchanges cexs](/topic/exchanges-cexs) [onchain](/topic/onchain) [stocks](/topic/stocks) [internet capital](/topic/internet-capital) [Post Link](https://x.com/eli5_defi/status/1940017640866734104)
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Eli5DeFi @eli5_defi on x 38K followers
Created: 2025-07-01 12:00:24 UTC
➥ Internet Capital Market XXX - When Traditional Stocks Go On-Chain
Yesterday brought a major shakeup: three major CEXs are bringing traditional stocks on-chain.
And they're not just any platforms; check out these powerhouses launching almost in unison:
➠ @RobinhoodApp Stock Tokens ➠ @krakenfx - @Bybit_Official - @xStocksFi ➠ @Gemini Tokenized Stocks
Let's dive in our 30s report🧵
...
— Robinhood Stock Tokens / $HOOD
➠ Robinhood is expanding into tokenized stock assets on Arbitrum for European customers via @RobinhoodApp_EU.
➠ This will include over XXX U.S. stocks and ETF tokens, complete with dividend support, offered directly through the Robinhood App with X% trading commission fees.
➠ The development is multi-phased. Phase X involves trading 24/5 through brokers, with a transition to fully on-chain operations using Robinhood Chain.
➠ As an initial strategy, they are distributing private company stock tokens for @OpenAI and @SpaceX.
➠ Robinhood has announced Robinhood Chain, a Layer X (or potentially Layer 3) rollup, partnering with @arbitrum. This chain is optimized for tokenized real-world assets and designed to support 24/7 trading, seamless bridging, and self-custody.
➠ Robinhood is also making several additional announcements:
- Relaunching $SOL and $ETH staking for U.S. users
- Introducing Robo-Advisors for hands-off investment, powered by Cortex AI
- Revamping product suites, including deposit boosts and credit card rewards
- Offering Perpetual Futures for EU customers via @Bitstamp
- Establishing USDG as the native stablecoin for the Robinhood ecosystem
...
— Kraken and Bybit - @xStocksFi
➠ xStocks provide tokenized U.S. equities to eligible non-U.S. clients, offering SPL-based tokens on @Solana in partnership with @BackedFi with plans for multi-chain integration.
➠ xStocks offer 24/7 self-custody and withdrawal (unlikeCEX that only allow 24/5), and can be used in DeFi apps on Solana like @KaminoFinance, @JupiterExchange, @RaydiumProtocol and @byreal_io
➠ At launch, xStocks will include XX assets (55 stocks, X ETFs) like Tesla and Apple, with no trading fees but possible spreads.
➠ Dividends are auto-reinvested, increasing your xStocks balance instead of cash payouts.
➠ xStocks provide asset price exposure but it doesn't have shareholder rights like voting or cash dividends.
...
— Gemini Tokenized Stocks (GTS/ dSharesTM)
➠ GTS is an ERC-20-based token representing stocks from Gemini, built on Arbitrum in partnership with @DinariGlobal. Its first product is the tokenized @MicroStrategy / $MSTR, with plans to support multiple blockchain networks.
➠ GTS enables fractional ownership of stocks and is initially available to EU customers. There are plans to regularly add more stocks and ETFs.
...
— Is it Good or Bad?
On-chain stocks, like Kraken's xStocks, Robinhood's stock tokens, and Gemini's tokenized stocks, could draw more traditional investors into crypto. This might increase demand for native blockchain tokens (such as SOL and ETH), boosting liquidity.
However, it could also shift focus away from pure crypto assets aka altcoins, potentially affecting market dynamics. Platforms like Hyperliquid also might face competition as users trade tokenized stocks directly.
These platforms could likely adapt by offering derivatives on these stocks, but this could strain liquidity if capital shifts significantly.
On the other hand, for DeFi enthusiasts, on-chain stocks offer exciting possibilities. This could expand DeFi's asset base, bridging traditional finance with decentralized protocols, though regulatory hurdles might slow progress.
XXXXXX engagements
Related Topics tokenized xstocksfi krakenfx exchanges cexs onchain stocks internet capital