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![jevgenijs Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::17462822.png) Jevgenijs Kazanins [@jevgenijs](/creator/twitter/jevgenijs) on x 10.9K followers
Created: 2025-07-02 21:25:54 UTC

In case you wondered what Robinhood’s $HOOD tokenized stocks really are…From the “Description of Services”:
✔️ When a new US Stock Derivative contract is entered into, Robinhood will simultaneously issue (mint) over a blockchain a new fungible token
✔️ This token represents the ownership rights that the customer has over the US Stock Derivative
✔️ The token is non-transferable and non-assignable
✔️ When the US Stock Derivative is closed out, Robinhood burns the tokenized US Stock Derivative
contract from the blockchain
✔️ The derivative contract is based on the value of its underlying asset, which would be a US stock or ETF
✔️ Instead of owning the actual thing (like barrels of oil or shares of a company), you're betting on how its price will move
✔️ Customers have certain contractual rights under the terms of the US Stock Derivative contract, but do not have ownership rights over the stock or ETF itself
👇🏻

![](https://pbs.twimg.com/media/Gu4eySzWUAAxVrc.jpg)

XXXXXXX engagements

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**Related Topics**
[open ai](/topic/open-ai)
[token](/topic/token)
[blockchain](/topic/blockchain)
[mint](/topic/mint)
[stocks](/topic/stocks)
[tokenized](/topic/tokenized)
[$hood](/topic/$hood)
[stocks technology](/topic/stocks-technology)

[Post Link](https://x.com/jevgenijs/status/1940522344721903691)