Stock Tokens
ERC-20 instruments that provide economic exposure to shares and ETFs without conveying ownership of the underlying security.
#ERC-20 structure
Robinhood Stock Tokens are standard ERC-20 tokens with 18 decimals. They can be held, transferred and composed with compatible onchain applications.
Stock Tokens are issued by Robinhood Assets (Jersey) Limited as tokenised debt securities. They provide economic exposure to underlying securities such as shares and ETFs, but do not grant legal or beneficial rights in, or against the issuer of, those underlying securities.
#Economic and technical properties
| Property | Stock Token treatment |
|---|---|
| Transfer | Standard ERC-20 transfer semantics |
| Raw balance | 18-decimal ERC-20 units |
| Share-equivalent display | Raw amount scaled by uiMultiplier() |
| Price | Per-token Chainlink feed incorporating the multiplier |
| Asset identity | Canonical contract address and stable asset uid |
| Corporate actions | Multiplier and asset metadata updates, with pause states where applicable |
NVDA, AAPL and TSLA symbols in ARRANGE examples are illustrative unless the relevant canonical contract and market surface have been verified.
#Role in the ARRANGE model
A covered call combines long exposure with a short call on an equivalent economic quantity. Stock Token contract identity, raw amount and multiplier state therefore belong in the position terms; ticker text alone is insufficient.
Covered call = long Stock Token exposure + short call exposure#Primary sources
- Stock Tokens
Official description of Stock Token structure, issuer, economic exposure, ERC-20 behavior and multiplier mechanics.
- Building with Stock Tokens
Official integration guide for ERC-20 operations, ERC-8056 views, liquidity surfaces and onchain pricing.
- Stock Token APIs
Official REST schemas for asset metadata, underlying bid/ask data and corporate actions.
- ERC-8056: Scaled UI Amount Extension
Ethereum standard defining multiplier-adjusted display amounts while raw ERC-20 balances remain unchanged.