Key facts
- Robinhood reports third-quarter results after the market close.
- 22 companies have objected to having their shares tokenized on the OKX-ICE venue.
- Robinhood Chain processed about $65 billion in DEX volume in its debut quarter.
- Tokenized equities represented one-fifth of trading volume on Robinhood Chain in Q3.
Robinhood is facing a brewing conflict over tokenized stocks, with a conservative nonprofit urging CEOs to opt out of the practice. The company's new blockchain ecosystem, Robinhood Chain, launched in July and has seen significant trading volume in tokenized equities, which are crucial to its architecture. This reliance makes the company particularly sensitive to the ongoing debate and potential regulatory actions.