Robinhood xStock

Robinhood xStock (HOODx) is a token linked to the HOOD shares on Nasdaq of Robinhood Markets, Inc., an online brokerage that lets its users trade stocks, options, exchange-traded funds and cryptocurrencies. The product's issuer is Backed Assets (JE) Limited, registered in Jersey, and the tokenization provider is Backed Finance AG.

HOODx is not a product issued by Robinhood the company; it is a certificate that uses Robinhood shares as its underlying and whose issuer is Backed. The token gives its holder no Robinhood share or voting right. The underlying shares are held at custodians, and actions such as dividends or splits are reflected in the balance through the on-chain multiplier mechanism. The product is not sold to US persons; in other jurisdictions, too, the restrictions in Backed's legal documents and the rules of the intermediary platform apply. In its CoinGecko listing, the token appears on Ethereum, Solana, BNB Chain and Arbitrum.

On Lzzo.com, HOODx is priced through an identity verified by issuer and Ethereum contract address: first the Kraken USD pair, then the USDT pairs on Bybit and KuCoin converted into dollars at the Coinbase Exchange rate, and finally a Jupiter (Solana) pool with sufficient liquidity. The price shown is the token's own price and may differ from HOOD's last price while the underlying exchange is closed.