Robinhood ($HOOD) launched its stock as a tokenized asset on the Solana blockchain on July 16, 2026. Backpack Securities issued the token through the Sunrise protocol. This allows users to trade and hold the equity directly within Solana-based applications.
The move expands Robinhood’s digital asset offerings and accelerates the trend of bringing real-world assets (RWAs) on-chain. The development follows a session where Robinhood shares fell by more than 8%. This initiative aims to attract institutional attention to Solana as a hub for digitized equities.