Solana
HOODx is a Backed tracker certificate representing one HOOD share, held one-for-one with a regulated custodian. It trades as a permissionless SPL token on Solana, so any wallet can hold or transfer it, and can be redeemed through Backed by verified counterparties.
Robinhood Markets exposure, fractional and on-chain from $1.
Prism analyst note
HOODx tracks Robinhood Markets one-for-one. Because it is a permissionless SPL token, secondary trading needs no verification, but the offering itself was made under Regulation S and is not directed at US persons. Price on Prism is the live on-chain quote, which can trade at a small premium or discount to the underlying share.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- One HOOD share, held 1:1
- Legal structure
- Swiss DLT tracker certificate issued by a bankruptcy-remote SPV
- Jurisdiction
- Liechtenstein / Switzerland
- Custodian
- Regulated third-party custodian (Backed programme)
- Administrator
- Backed Finance AG
- Reserve information
- Fully collateralised by HOOD held with a regulated custodian. Backed publishes proof-of-reserve attestations.
- Transfer restrictions
- Freely transferable SPL token. No allowlist and no KYC to hold or transfer on the secondary market.
- Investor eligibility
- Non-US persons (Reg S)
- KYC required
- No, permissionless transfers
- Launched
- Jun 30, 2025
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
Does this pay dividends?+
Backed reinvests economic entitlements into the token's reference value rather than distributing cash.
Do I need KYC?+
Not to hold or trade it on-chain. Redemption directly with the issuer requires verification.
Why might the price differ from the share?+
The token trades on its own on-chain market, so supply and demand can push it slightly above or below the underlying.
