Robinhood Chain's tokenized real-world assets surge 5x as onchain stocks gain traction, with multiple tokenized equities now exceeding $500K in daily volume

Lending demand is a stronger adoption signal than AMM churn: DefiLlama shows SpaceX, AMD and Apple tokens each above 30% DeFi utilization. That composability imports Robinhood issuer risk into lending markets, since its own terms classify the tokens as Jersey-issued debt securities with no legal rights to the underlying shares, and direct redemption requires KYC/AML.

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