A stock token on Robinhood Chain is a tokenized instrument that tracks the price of a US equity — NVDA, TSLA, GME, and around 190 others — and trades around the clock in on-chain pools.
How they work
- Each token has an on-chain reference price fed by a Chainlink oracle from the underlying equity market. The feed is multiplier-adjusted (see corporate actions) and updates during US market hours.
- The token trades in Uniswap v4 pools 24/7. Its market price is set by supply and demand there, not by the oracle directly.
- The gap between the pool price and the reference is a dislocation — the thing this site measures.
The important caveats
- They are not equity. Stock tokens are tokenized debt-like instruments that track a price. They carry no shareholder voting or ownership rights.
- Reg S: not for US persons. They are issued under Regulation S and are not available to US persons. See who can trade them.
- They trade 24/7, the reference does not. The oracle freezes outside market hours, which is why weekend dislocations are so common.
Why they are interesting
Continuous trading of an instrument whose reference price is only intermittently live creates persistent, measurable mispricings. That is unusual — most assets do not have a “true price” published on a schedule that the market can run ahead of. It is exactly the inefficiency the Dislocation Board exists to surface.