Robinhood CEO Calls Out Developers: Which RWA Projects Have Taken the Lead?

Written by: KarenZ, Foresight News

Robinhood CEO Vlad Tenev posted a "recruitment notice" on Twitter today: "If you're embedding stock tokens or RWA into your app, Robinhood wants to talk to you."

The context behind this statement is that the Robinhood Chain public mainnet went live on July 1. The official has identified RWA such as stocks, ETFs, and private assets as key focus areas. This article will round up the RWA-related projects currently launched on Robinhood Chain.

It should be noted that the RWA-focused ecosystem on Robinhood Chain is still in its early stages. Most projects have been online for a short time, and their product completeness, real user demand, and sustainable operation capabilities have not yet been fully verified. Some projects are currently only mentioned, reposted, or included by ecosystem accounts like Virtuals; these public association signals do not represent investment, formal cooperation, or credit guarantee. There is still uncertainty about whether the relevant projects can deliver products as planned and form stable revenue; if tokens are involved, participants need to be alert to risks such as insufficient liquidity, contract vulnerabilities, concentrated token holdings, sharp price fluctuations, and project parties stopping maintenance. Participants should independently verify information and conduct risk assessments. This article is for roundup purposes only, DYOR.

Arcus: Stock Token and Cryptocurrency DEX

Arcus is a stock token and cryptocurrency DEX co-built by dYdX Labs and Robinhood Crypto, focusing on spot and perpetual contracts to facilitate peer-to-peer trading of stock tokens on Robinhood Chain.

When announcing Arcus, dYdX stated that a portion of Arcus tokens will be allocated to the dYdX community in the future. The Defiant also reported that Arcus tokens will be prioritized for users who trade, stake, or validate on the dYdX platform, with existing dYdX community members given priority at token issuance.

Public Endorsement/Association: dYdX Labs, Robinhood Crypto

Lighter: Supports Perpetual Contracts and Stock Token Trading

Lighter is a ZK-powered decentralized perpetual and spot exchange deployed on Robinhood Chain. Robinhood Wallet users can now directly trade perpetual contracts and stock tokens via Lighter.

According to Bankless, Lighter has committed to investing $11 million worth of LIT into the Robinhood community: users trading perpetual contracts on Lighter can earn points (2x points for trading via Robinhood Wallet, 1x for Lighter web app), which can be directly redeemed for LIT (subject to Lighter's terms).

Rialto: Official Proprietary AMM Listed on Robinhood Chain

Rialto defines itself as an on-chain spot exchange supporting asset types like crypto assets, stocks, ETFs, and commodities. However, what Rialto truly emphasizes is not just "category coverage" itself, but also the quoting, market-making, routing, and settlement behind each order.

Team: Rialto team member Riley (@riley_gmi) previously worked at trading-related institutions like BlockTower, Arca, ASXN, and RockawayX. Another team member, boccaccio, previously worked at Blockworks, a crypto media and information platform.

Public Endorsement/Association: Rialto came to the fore in the context of collaboration with Robinhood Crypto, Offchain, and Arbitrum.

Index (INDEX): Distributes Stock Tokens to Holders via Trading Fees

The Index posted its first tweet on July 3. It supports stock token trading (powered by Rialto) and has developed a stock token distribution protocol: users holding a certain amount of INDEX will have the protocol convert stock token trading fees into a basket of stock tokens and send them to eligible wallets according to their holding ratio.

Its specific mechanism: The Uniswap v4 Index/ETH pool charges a 3% native ETH fee on transactions via Hook; the collected ETH is used to purchase protocol-supported stock tokens, which are then sent every 15 minutes by the distribution contract to wallets holding at least 10,000 INDEX. Users do not need to stake or claim manually. The official website also emphasizes that the distributed tokens are stock tokens, not brokerage stocks, and do not include traditional stock voting rights or dividend rights. The Index's official website data shows that over $480,000 worth of RWA has been distributed.

On July 15, The Index launched a new product rwa.wtf, supporting up to 50x leverage trading of RWA assets. 75% of each transaction fee will be used to buy stocks and distribute to INDEX holders, while the remaining 25% will deepen liquidity.

Public Endorsement/Association: The Index's official Twitter is followed by Adam Fern, Head of Robinhood DeFi Products. The Index's stock token trading is powered by Rialto.

Arrow Finance (ARROW): Crypto Asset/Stock Token Collateralized Lending Protocol

Arrow Finance develops an over-collateralized lending protocol (CDP) on Robinhood Chain. Users do not need to sell their held stock tokens, ETFs, stablecoins, or crypto assets; instead, they can deposit them into independent Vaults to mint the USD-pegged debt token aUSD.

However, Arrow is still in the testnet phase. Additionally, Arrow will launch the token issuance platform Arrow Pad on July 20.

Public Endorsement/Association: On July 10, Arrow announced that Ash Manicka, who joined Robinhood before its IPO and participated in the marketing of crypto products like Robinhood Wallet, has been invited as a strategic advisor.

Meridian: RWA Perpetual Contracts and Prediction Market Platform

Meridian is a Robinhood Chain ecosystem platform focused on RWA perpetual contracts and prediction markets, with USDe as the settlement asset.

Notably, Meridian was formerly known as Ethereal and rebranded to Meridian in May 2026, shifting from an early potentially more general derivatives/trading infrastructure to focus on RWA + prediction markets + perpetual contracts.

In November 2024, Ethereal stated that it would allocate 15% of all future Ethereal governance tokens to ENA (sENA) stakers.

Public Endorsement/Association: Meridian claims to be a day-one launch partner of Robinhood Chain; however, Meridian is not separately listed in Robinhood's currently public core application partner list.

Vimen (VIM): Packages a Basket of Stock Tokens/Crypto Assets into a Single Index Token

Vimen develops a fully collateralized index basket protocol on Robinhood Chain: users deposit multiple stock tokens or cryptocurrencies of the same category into a smart contract to obtain an ERC-20 basket token representing the entire set of assets, and can burn the basket token at any time to retrieve the corresponding underlying assets. In addition, Vimen supports one-click minting of basket tokens using ETH or USDG.

Currently, Vimen has launched three baskets:

• MAG7: Composed of seven stock tokens: AAPL, MSFT, GOOGL, AMZN, META, NVDA, and TSLA;
• AI6: Composed of NVDA, AMD, MU, PLTR, GOOGL, and SPCX;
• HOOD6: Composed of six Robinhood Chain native tokens: CASHCAT, ARROW, HOODRAT, VIBECAT, VEX, and VIRTUAL. HOOD6 is a crypto asset basket.

On Vimen, the minting fee is 0.30%, and no fee is charged for redemption.

Public Endorsement/Association: Mentioned by Virtuals' official Twitter

RoodFi (ROODFI): Turns U.S. Tax Liens into On-Chain Vouchers

RoodFi announced the launch of its mainnet on Robinhood Chain on July 13, attempting to turn U.S. local government Tax Liens and Tax Deeds into on-chain vouchers. Users can purchase them with USDG and hold them until redemption or sell them on the secondary market.

Public Endorsement/Association: Mentioned in Virtuals' weekly report. It should be noted that the project's official Twitter bio in May stated it was "an autonomous AI agent management system with a terminal (command line) as the primary control interface", and the current market cap of the related token is only $4,500.

Fletcher (FLETCHER): Maps Solana Physical Collectible Cards to Robinhood Chain

Fletcher announced the launch of its Gacha card-drawing app on July 11. It is not a stock token project but a physical collectible card RWA project.

According to project documents, Collector Crypt stores physical cards rated by PSA, CGC, or BGS in a vault and issues 1:1 NFTs on Solana. FLETCHER aggregates this card inventory: after users draw or purchase cards using USDG on Robinhood Chain, the system completes value settlement between Robinhood Chain and Solana via Across, then mints a 1:1 mirrored ERC-721 on Robinhood Chain.

Users can hold or sell the mirrored NFTs. Fletcher says users can use Collector Crypt's buyback channel within 72 hours after drawing, and then sell via market listings; the physical card redemption function is still being rolled out gradually. FLETCHER also provides a "Tweet-to-rip" bot: after users authorize wallet limits, they can send commands directly on X to draw cards.

Fletcher's token FLETCHER is issued via Virtuals.

Public Endorsement/Association: Mentioned in Virtuals' weekly report. In addition, Collector Crypt and Across are the inventory sources and cross-chain infrastructure disclosed in Fletcher's documents, but no project-level confirmation of FLETCHER from their official Twitter accounts has been found so far.

Sherwood Exchange (SWOOD): Privacy Trading Layer for Stock Tokens

Sherwood Exchange positions itself as a private RWA trading platform on Robinhood Chain.

According to Sherwood Exchange's introduction, users can first deposit assets into a privacy pool to generate zero-knowledge UTXO Notes; when transferring or trading, users prove they own a valid Note without disclosing the direct correspondence between the original deposit and subsequent operations. Sherwood does not build a completely closed private liquidity pool. Its exchange process calls public Uniswap liquidity to complete transactions, then re-deposits the resulting assets into a new privacy Note.

Public Endorsement/Association: Sherwood Exchange has joined Virtuals' community showcase section and been mentioned in Virtuals' weekly report.

Fletch Finance: Splits Stock Principal and Dividends into Two Tokens

Fletch Finance is a stock dividend splitting protocol on Robinhood Chain, similar to Pendle. After users deposit one stock token, the protocol mints two assets at a 1:1 ratio:

• PT (Principal Token): Represents the stock principal stripped of dividends, usually traded at a discount, and can be redeemed for the full stock token upon maturity;
• YT (Yield Token): Only represents the dividends generated by the stock before maturity.

Each transaction on Fletch incurs a fee, and part of these fees flows directly back into the FLETCH token (via buyback and burn, etc.).

Public Endorsement/Association: No relevant background information found yet, DYOR.