Robinhood
Applied Digital (Robinhood Token) is a tokenised debt security issued by Robinhood Assets (Jersey) Limited that tracks the economic performance of Applied Digital. It is a standard ERC-20 on Robinhood Chain, so any wallet can hold or transfer it, and it can be composed into on-chain applications. Holding it does not make you a shareholder: it confers no legal or beneficial interest in the underlying security and no rights against its issuer.
Economic exposure to Applied Digital, self-custodied on Robinhood Chain.
Prism analyst note
Applied Digital (Robinhood Token) tracks Applied Digital economically but is a debt security issued by Robinhood Assets (Jersey) Limited, not the share itself, so holders have no shareholder rights and take issuer credit risk. The contract is verified on Robinhood Chain and transfers freely between wallets, but minting and redemption run through Authorised Participants only. Not available to US persons.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- Economic exposure to Applied Digital. No legal or beneficial ownership of the shares.
- Legal structure
- Tokenised debt security issued by Robinhood Assets (Jersey) Limited under a Jersey base prospectus
- Jurisdiction
- Jersey
- Custodian
- Robinhood Assets (Jersey) Limited (issuer of record)
- Administrator
- Robinhood Assets (Jersey) Limited
- Oracle / NAV source
- Chainlink
- Reserve information
- Backing is described in the issuer's base prospectus and final terms at docs.robinhood.com/rhj. Prism has verified the contract on-chain but has not independently audited the issuer's collateral.
- Transfer restrictions
- Freely transferable ERC-20 on the secondary market with no allowlist. Primary subscription and redemption are limited to Authorised Participants after KYB onboarding, so ordinary holders cannot mint or redeem directly.
- Investor eligibility
- Non-US persons (Reg S)
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers.
Documents & disclosures
Frequently asked
Do I own the actual shares?+
No. This is a debt security giving economic exposure. It grants no legal or beneficial interest in the underlying shares and no rights against their issuer.
What happens on a dividend or a stock split?+
Corporate actions are applied through an on-chain multiplier (ERC-8056 uiMultiplier). Your raw token balance stays the same while the shares-per-token ratio changes, and the price oracle already accounts for it.
Can I redeem it for the underlying?+
Not directly. Only Authorised Participants who have completed KYB onboarding can subscribe or redeem with the issuer. Everyone else buys and sells on the secondary market.
Can US persons hold this?+
No. Stock Tokens are not registered under US securities law and may not be offered or sold to US persons. Offers are also restricted in Canada, the United Kingdom and Switzerland.
