What a holder has today: a secured, limited-recourse debt note issued by Robinhood Assets (Jersey) Limited, an economic claim that tracks the share. Robinhood says each token is backed one for one by a share held by a US broker-custodian. Holders do not own the share, cannot vote it, and redeem in cash through authorised participants; the tokens are not offered in the United States or to US persons.
On 14 September 2026 Vlad Tenev said in-kind redemption and voting are coming. Separately, the SEC's 17 September 2026 exemption covers real tokenized shares only. AMC's CEO asked in September whether the shares backing the tokens can be lent to short sellers; a breakdown of the AMC series terms says lending is permitted, and Robinhood had not answered publicly as of mid-September 2026. Nothing here is financial advice.
The entries 4
- 3 Sep 202611:17am ET
A pixel cat, “vile”, and “What's the concern?”
On 3 September 2026, Robinhood introduced a pixel cat in a Robin Hood hat for referrals at 11:17am ET, AMC CEO Adam Aron called Robinhood's stock tokens “contemptible … vile” at 5:18pm ET, and Vlad Tenev replied “What's the concern?” at 11:11pm ET.
- 8 Sep 20264:33pm ET
$TSUKI/GME launches on Robinhood Chain
On 8 September 2026 at 4:33pm ET, Tsuki posted the contract for TSUKI/GME on Robinhood Chain, captioned “agreement established”; the same day GameStop director Larry Cheng bought 55,000 GME shares.
- 14 Sep 20261:12pm ET
Vlad: “In-kind redemption and voting are coming”
On 14 September 2026 at 1:12pm ET, Vlad Tenev posted “In-kind redemption and voting are coming for Robinhood Stock Tokens”, quoting Johann Kerbrat on Stock Tokens passing $170M in TVL and nearly $50B in DEX volume on Robinhood Chain.
- 17 Sep 2026
The SEC opens a five-year window for tokenized stocks
On 17 September 2026, the SEC opened a five-year innovation exemption for tokenized stocks: real shares only, the same votes and dividends, and trades public within ten minutes.
The posts
Sources
Questions
- Who issues Robinhood Stock Tokens?
- Robinhood Assets (Jersey) Limited, a Robinhood subsidiary incorporated in Jersey.
- Can US users buy them?
- No. They are not offered in the United States or to US persons.
- Does a token give a vote?
- Not today. Vlad Tenev said on 14 September 2026 that in-kind redemption and voting are coming.
- Is TSUKI/GME a tokenized GameStop share?
- No. TSUKI/GME is a token whose pool is paired against Robinhood's GME stock token.