Intel • Robinhood Token

Intel • Robinhood Token is a token issued on Robinhood Chain to follow the INTC share. Its issuer is Robinhood Assets (Jersey) Limited, incorporated in Jersey, whose documentation calls these tokens debt instruments linked to an underlying security. Intel Corporation designs and manufactures processors and other semiconductor products; its shares trade on Nasdaq under the ticker INTC.

The token is not the INTC share itself. According to the issuer's documentation, a holder has no legal or beneficial right in the underlying security or against its issuer; voting and other shareholder rights do not pass to the holder unless the issuer documents them. Access varies by jurisdiction: the tokens are not offered in the United States and are restricted in places such as Canada, the United Kingdom and Switzerland.

On Lzzo.com the value is derived in two steps. First the Chainlink price feed for this token on Robinhood Chain is checked; if it is fresh, its oracle value is used. Otherwise, for example while the underlying market is closed or the oracle is paused around a corporate action, the page shows a reference: the underlying price multiplied by the token multiplier. It is a reference, not a traded price.