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What is Reddit Tokenized Stock (Robinhood Tokenized Stock) (RDDT)?

Quick Facts

  • Issuer: Robinhood Assets (Jersey) Limited
  • Underlying asset: Reddit, Inc. (NYSE: RDDT) common stock
  • Token standard: ERC-20
  • Blockchain: Robinhood Chain (Ethereum Layer-2, Arbitrum stack)
  • Backing model: 1:1 backed by real shares held in regulated custody
  • Availability: Non-US users only (EU and select regions)
  • Trading hours: 24/7 on Robinhood Chain

Introduction

RDDT is a tokenized stock issued by Robinhood that gives holders on-chain economic exposure to Reddit, Inc. shares. Rather than holding Reddit stock through a traditional brokerage, users can buy and hold RDDT tokens directly from a self-custody crypto wallet.

This makes RDDT one of Robinhood's flagship real-world asset (RWA) tokens — bridging traditional equity markets and blockchain infrastructure.

History & Background

Robinhood launched its tokenized stock product in 2025 as part of its European expansion strategy. The company built Robinhood Chain, a purpose-built Layer-2 network on the Arbitrum stack, which went live on mainnet in 2026.

RDDT was made available as part of the broader Stock Tokens catalog — a suite covering over 190 US equities and ETFs that can be traded and held in self-custody wallets outside the United States.

How Reddit Tokenized Stock (Robinhood Tokenized Stock) Works

When a user purchases RDDT, Robinhood or its issuing partner acquires an actual Reddit, Inc. share on a US exchange. That share is held by a regulated custodian in a segregated account.

A corresponding RDDT token is then minted on Robinhood Chain and made available in the user's wallet. The token tracks Reddit's real-time share price via a price feed and updates continuously — even outside traditional market hours.

Smart contracts govern both the issuance and redemption of tokens. If a holder sells, the contract burns the token and the custodian releases the underlying share or its cash equivalent.

Tokenomics

RDDT tokens are minted and burned on demand, meaning supply fluctuates directly with user demand for exposure to Reddit stock. There is no fixed or pre-mined supply.

The token's economic value is fully tethered to Reddit, Inc.'s share price. Dividend payments from the underlying stock flow through to token holders as cash payouts via the Robinhood platform. Token holders do not receive voting rights or any legal ownership in Reddit, Inc.

Circulating Supply ? 10,467 RDDT
Total supply ? 10,467 RDDT
Max supply ? -- RDDT
Updated 24h ago

Ecosystem & Use Cases

As a standard ERC-20 token on Robinhood Chain, RDDT is compatible with existing wallets, DeFi protocols, and on-chain tooling. This opens the door to using tokenized stock as collateral, trading it on decentralized exchanges, or composing it into broader DeFi applications.

Supported wallets include Robinhood Wallet, Trust Wallet, and SafePal, enabling self-custody access without reliance on a traditional brokerage interface.

Team, Governance & Community

RDDT is issued and managed by Robinhood Assets (Jersey) Limited, a subsidiary of Robinhood Markets, Inc. Governance of the token is centralized — Robinhood controls issuance, redemption, and underlying custody arrangements.

The product is designed for retail investors in eligible regions who seek equity exposure through crypto-native infrastructure.

Advantages

  • 1:1 backed by real Reddit, Inc. shares held in licensed custody
  • 24/7 trading on Robinhood Chain, unlike traditional exchanges
  • Self-custody compatible — users can hold tokens in their own wallets
  • DeFi composable — standard ERC-20 works with existing protocols
  • Fractional access — investors can buy less than one full share
  • Dividend eligible — cash dividends from the underlying stock are passed through

Risks & Challenges

  • No legal ownership — holders have economic exposure only, not ownership rights or voting power in Reddit, Inc.
  • Counterparty risk — the product relies on Robinhood and its custodian remaining solvent and compliant
  • Geographic restrictions — currently unavailable to US investors pending regulatory clarity
  • Regulatory uncertainty — tokenized securities exist in a rapidly evolving regulatory environment
  • Price correlation risk — RDDT mirrors Reddit, Inc. stock performance, including all its volatility

Long-Term Vision

Robinhood's tokenized stock initiative aims to position Robinhood Chain as the go-to infrastructure for programmable real-world assets. By combining 24/7 trading, self-custody, and DeFi composability, the vision is to make tokenized equities a standard layer of global financial markets.

As regulatory frameworks mature in both the US and internationally, Robinhood has signaled plans to scale the catalog well beyond its current offering — potentially redefining how everyday investors access equity markets through blockchain technology.

Frequently Asked Questions

RDDT is a tokenized stock token issued by Robinhood Assets (Jersey) Limited. It provides on-chain economic exposure to Reddit, Inc. (NYSE: RDDT) shares without requiring a traditional brokerage account.

Yes. Each RDDT token is backed 1:1 by a real Reddit, Inc. share held by a regulated custodian in a segregated account. When a token is redeemed, the underlying share or its cash equivalent is released.

No. RDDT is a tokenized debt security that provides economic exposure only. Holders do not receive voting rights or any direct legal ownership of Reddit, Inc. shares.

Yes. If Reddit, Inc. pays a dividend, the economic benefit is passed through to RDDT token holders as a cash payout via the Robinhood platform.

RDDT lives on Robinhood Chain, a purpose-built Ethereum Layer-2 network built on the Arbitrum tech stack. It is a standard ERC-20 token compatible with self-custody wallets and DeFi protocols.

RDDT is currently available to users outside the United States, primarily EU and other eligible regions. US-based investors cannot access it due to ongoing regulatory requirements.

Yes. As a standard ERC-20 token, RDDT can be held in self-custody wallets, traded on decentralized exchanges, and potentially used as collateral within DeFi applications on Robinhood Chain.

RDDT tracks the real-time price of Reddit, Inc. stock via a price feed or oracle network. It updates continuously, including outside traditional US market hours, enabling 24/7 trading.