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The UK’s home for tokenised equity. Independent news, insight and resources for founders raising capital, investors deploying it, and the firms supporting both — as the regulation, infrastructure and opportunity converge.

Robinhood Chain's Tokenised Stock Volumes Jump Fivefold to $70 Million in Under Two Weeks as GameStop and Nvidia Lead Onchain Demand

  • Writer: Shawn Jhanji
    Shawn Jhanji
  • Jul 28
  • 3 min read
Real world assets on Robinhood Chain reached an active market value of about $70 million as of 25 July, a roughly fivefold jump from the low tens of millions of dollars the network held only two weeks earlier, according to onchain data reported by CoinDesk. The jump is one of the clearest signals yet that retail demand for tokenised versions of familiar public stocks can arrive quickly once a platform strips out the usual trading friction. Why it matters to UK founders and investors As the UK works through its own tokenisation plumbing, PISCES trading windows at the London Stock Exchange, Asset Match and JP Jenkins, the 54 firm Wholesale Digital Markets Taskforce chaired by Chris Woolard, and the FCA and Bank of England's shared roadmap for wholesale markets, Robinhood's numbers are a live external data point on demand elasticity. They show what happens when a tokenised trading venue removes friction: 24 hour access, fractional exposure and near instant settlement. Volume can scale fast, even for assets investors could already buy through a conventional broker.

Real world assets on Robinhood Chain reached an active market value of about $70 million as of 25 July, a roughly fivefold jump from the low tens of millions of dollars the network held only two weeks earlier, according to onchain data reported by CoinDesk. The jump is one of the clearest signals yet that retail demand for tokenised versions of familiar public stocks can arrive quickly once a platform strips out the usual trading friction.


Why it matters to UK founders and investors


As the UK works through its own tokenisation plumbing, PISCES trading windows at the London Stock Exchange, Asset Match and JP Jenkins, the 54 firm Wholesale Digital Markets Taskforce chaired by Chris Woolard, and the FCA and Bank of England's shared roadmap for wholesale markets, Robinhood's numbers are a live external data point on demand elasticity. They show what happens when a tokenised trading venue removes friction: 24 hour access, fractional exposure and near instant settlement. Volume can scale fast, even for assets investors could already buy through a conventional broker.


That said, the comparison only goes so far. Robinhood Chain deals in tokenised proxies for large, already liquid US public companies. That is a different problem to the one UK founders and early stage investors face with private companies and illiquid private SEIS and EIS shares, where the challenge is creating a first market, not adding a faster one. But the infrastructure choices on display, custody, settlement speed and venue design, are directly relevant to the platforms now competing to build UK equivalents for private company stock.


What happened


Robinhood Chain, the Arbitrum based layer two network Robinhood launched on 1 July, has seen a dozen tokenised stocks, led by GameStop, Nvidia and SpaceX, each clearing at least $500,000 in daily trading volume, with several surpassing $1 million. A tokenised GameStop share alone is doing around $26.6 million in daily volume, Nvidia about $14 million and SpaceX roughly $6.4 million.


Total value locked on the network has roughly tripled since mid July to about $312 million, and Robinhood Chain is now clearing more than $600 million in daily decentralised exchange volume overall. Memecoins and stablecoins still account for the bulk of that activity. Tokenised equities made up only around 4 percent of network activity when the chain first launched, and while they remain a minority share of volume today, their growth rate is outpacing the rest of the network.


What's next


Robinhood has signalled plans to keep adding tokenised assets to the chain, and rival venues including Coinbase's Base network and DTCC linked initiatives in the US are pursuing similar strategies for public equities. The open question for UK market builders is whether comparable liquidity can develop for the far smaller, far less liquid private company shares that PISCES, JP Jenkins and Asset Match are trying to bring to market this year. Robinhood's experience suggests demand follows accessible infrastructure quickly once it exists. Whether that holds for illiquid private shares, where the underlying asset itself is scarce rather than merely hard to trade, remains to be tested.


Key Takeaways


  • Real world assets on Robinhood Chain jumped roughly fivefold to about $70 million in under two weeks, reaching that level by 25 July.

  • Tokenised GameStop, Nvidia and SpaceX shares are each clearing over $500,000 in daily volume, with GameStop alone at $26.6 million.

  • Total value locked on the network has tripled since mid July to around $312 million, with over $600 million in daily decentralised exchange volume.

  • Tokenised equities remain a minority of network activity behind memecoins and stablecoins, but are growing faster than the rest of the chain.

  • The volume growth is a live proof point for UK platforms building PISCES linked liquidity, though the underlying assets, liquid US public stocks versus illiquid private company shares, differ sharply.

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