Hood World Asset turns tokenized stocks on Robinhood Chain from static holdings into productive, composable capital — collateral, income, and index exposure — without leaving the chain the assets already live on.
A protocol built on Robinhood Chain (Arbitrum Orbit L2), not a competing chain.
Hood World Asset is an independent protocol and is not affiliated with, endorsed by, or built by Robinhood.
Robinhood Chain brought real equities on-chain as ERC-20 Stock Tokens — a genuine breakthrough. But the moment an asset is tokenized, holders expect what DeFi promises: leverage, yield, and composability. Today that layer is missing.
A tokenized share sits in a wallet doing nothing. Unlike a brokerage margin account, there's no native way to borrow against it or put it to work while keeping exposure.
Dividends and splits are handled per-token via the ERC-8056 multiplier, but there's no protocol to automatically sweep, reinvest (DRIP), or compound them on the holder's behalf.
Building a diversified basket means buying and managing dozens of individual Stock Tokens by hand. There's no on-chain, auto-rebalancing "ETF-in-a-vault" primitive.
Stock Tokens carry transfer restrictions (non-US, gated eligibility). Every app re-implements the same allowlist checks. There's no shared, reusable compliance rail.
A set of audited, composable smart contracts that sit directly on Robinhood Chain and let any wallet or app unlock the productive value of Stock Tokens — while respecting the compliance rules baked into those tokens.
Each job maps to a protocol module, detailed in Modules below.
Hood World Asset is the middle layer. It never re-invents the base chain and never touches custody of the underlying equities — it composes on top of the primitives Robinhood Chain already exposes.
Hood World Asset holds hTokens and deposited Stock Tokens in its own contracts; it does not custody the underlying equities, which remain issued and redeemable only through Robinhood's Authorised Participant process.
Deposit a Stock Token, receive a h-ASSET receipt, and borrow a supported stablecoin up to a conservative loan-to-value. You retain price exposure to the equity while unlocking spendable liquidity.
Dividends and splits surface on Robinhood Chain as changes to a token's ERC-8056 multiplier. The DRIP Engine detects the economic distribution and, if the holder opts in, reinvests it into more of the same asset automatically.
A single tokenized vault that holds a weighted set of Stock Tokens — e.g. "Top 10 Tech" — and rebalances toward target weights. Buying one basket token is buying the whole diversified position.
A shared eligibility registry and transfer guard so every hToken movement honors the same restrictions the underlying Stock Tokens carry — instead of each app rebuilding it.
Holder deposits e.g. tokenized AAPL into a Collateral Vault.
Vault mints h-AAPL receipt; Compliance Guard verifies eligibility.
Oracle Adapter values it: Chainlink price × uiMultiplier.
Holder draws a stablecoin up to the asset's LTV cap.
Repay to burn h-AAPL and reclaim the underlying — or get liquidated if health drops.
Underlying pays a dividend; ERC-8056 multiplier updates on-chain.
DRIP Engine reads the multiplier change for opted-in positions.
Batches the distribution back into the same asset (or basket).
Position grows; the full trail is on-chain and auditable.
User deposits stablecoin / tokens into an Index Vault.
Vault holds the constituent Stock Tokens at target weights.
User gets one basket token = the whole position.
Auto-rebalances on drift; basket token reusable as collateral.
On a tokenized-equity chain, a naïve price read is dangerous. A stock split or dividend changes how many underlying shares one token represents — so the same token can be worth a different amount without the raw feed moving the way you'd expect. Hood World Asset values every position as a two-part read.
Live market price for the asset, published on-chain per Stock Token. This is the market half of the equation.
The shares-per-token ratio that Robinhood Chain updates for splits and dividends. This is the corporate-action half.
Every equity Robinhood Chain issues as a Stock Token can be wrapped into an hToken with its own collateral parameters and DRIP support. Below is the listing of supported assets and $HWA baskets.
| Symbol | Company | Sector | hToken | Max LTV | DRIP |
|---|---|---|---|---|---|
| AAPL | Apple | Technology | h-AAPL | 65% | Yes |
| MSFT | Microsoft | Technology | h-MSFT | 65% | Yes |
| NVDA | NVIDIA | Semiconductors | h-NVDA | 55% | Yes |
| AMZN | Amazon | Consumer Disc. | h-AMZN | 60% | — |
| GOOGL | Alphabet | Communication | h-GOOGL | 60% | — |
| META | Meta Platforms | Communication | h-META | 60% | Yes |
| TSLA | Tesla | Automotive | h-TSLA | 45% | — |
| JPM | JPMorgan Chase | Financials | h-JPM | 60% | Yes |
| JNJ | Johnson & Johnson | Healthcare | h-JNJ | 65% | Yes |
| KO | Coca-Cola | Consumer Staples | h-KO | 65% | Yes |
| Symbol | Fund | Exposure | hToken | Max LTV | DRIP |
|---|---|---|---|---|---|
| SPY | SPDR S&P 500 | US Large Cap | h-SPY | 70% | Yes |
| VOO | Vanguard S&P 500 | US Large Cap | h-VOO | 70% | Yes |
| QQQ | Invesco QQQ | Nasdaq-100 | h-QQQ | 65% | Yes |
| VTI | Vanguard Total Market | US Total Market | h-VTI | 70% | Yes |
| IWM | iShares Russell 2000 | US Small Cap | h-IWM | 60% | — |
| VEA | Vanguard Dev. Markets | Intl Developed | h-VEA | 60% | Yes |
| Basket | Theme | Holdings | hToken | Rebalance | DRIP |
|---|---|---|---|---|---|
| TECH10 | Top 10 Tech | 10 large-cap tech | h-TECH10 | On drift | Yes |
| DIVGRO | Dividend Growth | 15 dividend payers | h-DIVGRO | Quarterly | Yes |
| SPCORE | S&P Core | Broad US large cap | h-SPCORE | On drift | Yes |
| SEMI | Semiconductors | 8 chipmakers | h-SEMI | Monthly | — |
Asset availability follows what Robinhood Chain issues; Max LTV values are set by $HWA governance. Prices are read on-chain via each asset's Chainlink feed, normalized by uiMultiplier() — see the pricing section above.
A credible RWA protocol names its failure modes. These are the material ones for a protocol of this shape on this chain.
A wrong or stale price mis-prices collateral. Mitigation: Chainlink feeds, staleness checks, circuit breakers, conservative LTVs, and multiplier normalization.
Equities can gap at open/close and trade in limited windows. Mitigation: wide safety buffers, per-asset caps, and pausing markets around known low-liquidity periods.
Robinhood runs a single sequencer; downtime halts liquidations/repayment. Mitigation: grace periods after downtime, and reliance on Orbit's escape/fraud-proof settlement to Ethereum.
Stock Tokens are restricted (non-US, gated). A composability layer must not create a back-door. Mitigation: the Compliance Guard enforces eligibility on every hToken move.
Underlying tokens are debt securities redeemable only via Authorised Participants; they are not direct share ownership. Hood World Asset inherits that dependency and must disclose it plainly.
Standard for any protocol. Mitigation: audits, timelocked governed parameters, pause switches, and staged limits during ramp-up.
Per-asset LTV caps, liquidation thresholds, supported stablecoins, protocol fees, DRIP batching, and pause switches are governed and timelocked — no silent changes.
A modest spread on borrow interest and a small management fee on baskets fund audits, oracle costs, and a safety/insurance reserve. Kept transparent and on-chain.
$HWA is the protocol's governance token — value is designed to accrue from real fee revenue, not token emissions, and parameters are set by $HWA holders under timelock.
Robinhood Chain is one of the few places real tokenized equities exist as standard ERC-20s. Hood World Asset has native inventory to build on from day one.
Fully EVM-compatible with ETH as gas — existing Solidity, wallets, and libraries deploy unmodified. No new gas token to bootstrap.
Chainlink price feeds and the ERC-8056 multiplier are first-class on-chain — the exact primitives a lending/index protocol needs, already provided.
First-come sequencing (no priority-fee auction) means liquidations and rebalances aren't dominated by MEV gas wars — a healthier base for a risk protocol.
Applications built on Hood World Asset. These are not the four protocol modules — they're the products that consume Hood World Asset's hTokens and shared services to deliver something to end users.
Applications across the Hood World Asset ecosystem.
A decentralized exchange for Stock Tokens and hTokens, with pooled liquidity and first-come, MEV-resistant ordering. Swap AAPL exposure for a stablecoin in one click.
uses: hToken Factory · Oracle Adapter
Learn more →A portfolio dashboard: live collateral health factors, DRIP compounding history, basket performance, and liquidation alerts — all read directly from on-chain state.
uses: Oracle Adapter · Vaults · DRIP
Learn more →A marketplace where curators publish themed baskets ("Top 10 Tech", "Dividend Growth") that deploy Index Vaults. Users browse, buy, and follow — creators earn a share of fees.
uses: Index Vaults · hToken Factory
Learn more →A one-time onboarding flow that issues a reusable eligibility attestation, so a verified wallet can interact with any Hood World Asset-integrated app without repeating KYC.
uses: Compliance Guard
Learn more →An ERC-4337 agent with session keys that watches your positions and acts: auto-repay before a liquidation, auto-reinvest dividends, and nudge baskets back toward target weights.
uses: Vaults · DRIP · Index Vaults
Learn more →An eligibility-aware gateway for moving supported stablecoins on and off Robinhood Chain, so users can fund borrowing and settle repayments without leaving the compliance perimeter.
uses: Compliance Guard
Learn more →Hood World Asset exposes composable hTokens, a shared Oracle Adapter, and a reusable Compliance Guard behind a standard EVM interface. Integrate one abstraction and inherit lending, income, indexing, and eligibility.
Scroll into this section and the timeline draws itself, phase by phase.
The complete written specification for Hood World Asset — the reasoning, mechanics, and parameters set out in full.
"Tokenizing an equity is the first step. Making it productive, composable, and compliant is the protocol."
Robinhood Chain brought real equities on-chain as standard ERC-20 Stock Tokens, opening tokenized-stock access across more than 100 countries. But a tokenized asset that only sits in a wallet has captured a fraction of its potential. Hood World Asset is a set of audited, non-custodial smart contracts that make those tokens productive: usable as collateral, income-generating through automated dividend reinvestment, and packageable into diversified index positions — all while enforcing the transfer restrictions the underlying tokens carry.
Hood World Asset is a protocol built on Robinhood Chain, not a competing chain. Every module mints or accepts a standardized receipt token, the hToken, which is what makes lending, income, and indexing composable rather than four disconnected apps.
Tokenization solves distribution and settlement, but it does not, by itself, create utility. On Robinhood Chain today a holder faces four gaps:
Idle capital — no native way to borrow against a Stock Token while keeping exposure. Manual corporate actions — dividends and splits update a token's on-chain multiplier, but nothing sweeps or compounds them automatically. No packaged exposure — diversification means hand-managing dozens of tokens. Compliance friction — every builder re-implements the same eligibility checks the restricted tokens require.
The endgame for tokenized equities is a market where a share behaves like programmable capital: it can be posted, borrowed against, bundled, and automated the moment it exists on-chain, without a broker in the loop and without breaking the rules that make it a regulated instrument. Hood World Asset aims to be the neutral utility layer that delivers that — the connective tissue between Robinhood Chain's issuance and a full on-chain equity economy.
Compose, don't reinvent. Hood World Asset reads the primitives Robinhood Chain already provides — ERC-20 Stock Tokens, Chainlink price feeds, the ERC-8056 multiplier — instead of duplicating them. Non-custodial by default. Users retain control; the protocol never takes custody of the underlying equities. Compliance is not optional. Every hToken movement passes the same eligibility checks as the underlying. Conservative before clever. Collateral parameters start strict and loosen only through governed, timelocked changes.
Hood World Asset is the middle of three layers. Below it, Robinhood Chain (Arbitrum Orbit on the Nitro client) provides EVM execution, ETH gas, a single first-come sequencer, and settlement to Ethereum via blob data. In the middle, the Hood World Asset protocol layer holds the four modules plus three shared services — the Oracle Adapter, the Compliance Guard, and the Risk & Params registry. Above it, the access layer — wallets, third-party dApps, and ERC-4337 agents — calls the contracts over standard JSON-RPC.
Because the chain is fully EVM-compatible, Hood World Asset deploys with standard Solidity tooling and existing wallets work out of the box.
When a user deposits a Stock Token into any Hood World Asset module, the protocol mints a hToken — a standardized receipt representing a claim on the deposited asset (e.g. h-AAPL, or a basket token for an index). hTokens are themselves compliance-gated ERC-20s, which means a basket token can be used as collateral, a vaulted position can still receive DRIP, and third parties can integrate one interface instead of many.
On a tokenized-equity chain a raw price read is unsafe, because a split or dividend changes how many underlying shares one token represents. Hood World Asset therefore values every position as a two-part read: the live Chainlink price feed for the market price, multiplied by the token's ERC-8056 uiMultiplier() for the corporate-action ratio.
Every loan-to-value check, liquidation trigger, DRIP detection, and index weight uses this normalized value, with staleness checks and circuit breakers guarding the feed.
A holder deposits a Stock Token, receives a hToken, and borrows a supported stablecoin up to a per-asset loan-to-value cap. A position's health factor is derived from the normalized oracle value; if it falls below threshold, the position becomes open to permissionless liquidation. Because Robinhood Chain orders transactions first-come rather than by priority-fee auction, liquidations are not dominated by MEV gas wars.
| Parameter | Approach |
|---|---|
| LTV caps | Per-asset; lower for volatile names |
| Health factor | Chainlink price × uiMultiplier |
| Liquidations | Open & permissionless |
| Safety buffers | Wide, to absorb equity gap risk |
Stock Tokens carry transfer and jurisdictional restrictions — notably, US persons are excluded, and only Authorised Participants may subscribe directly. A composability layer must never become a back-door around these rules. The Compliance Guard is a shared eligibility registry and transfer hook checked on every hToken mint and transfer, so the same restrictions propagate to derived positions. It is reusable by third-party builders — compliance offered as shared infrastructure — with an upgrade path toward zero-knowledge, privacy-preserving eligibility proofs.
Hood World Asset sustains itself on usage, not token emissions. A modest spread on borrow interest and a small management fee on index baskets fund audits, oracle costs, and a safety/insurance reserve. All fees are transparent and on-chain. $HWA is the governance token, with a fixed total supply of 100,000,000,000, and its value is designed to accrue from this real fee revenue rather than from inflationary emissions.
Risk parameters — per-asset LTV caps, liquidation thresholds, supported stablecoins, fee levels, DRIP batching, and pause switches — are governed and timelocked. No parameter changes silently; every change is proposed, reviewed, and delayed before activation, giving users time to react. Security-critical changes require a higher bar than routine parameter tuning.
Hood World Asset follows a conservative security posture: multiple independent audits before mainnet, staged deposit caps during ramp-up, timelocked governance, and circuit-breaker pause switches on oracle anomalies. It inherits the base chain's settlement guarantees — fraud-proof-secured settlement to Ethereum — while adding its own guards for the risks specific to lending against volatile, restricted equities.
An honest protocol names its failure modes. The material ones: oracle staleness or manipulation (mitigated by Chainlink feeds, staleness checks, circuit breakers, and multiplier normalization); liquidation gaps from equities trading in limited windows (wide buffers, per-asset caps); sequencer centralization, since Robinhood runs a single sequencer (grace periods, escape via L1 settlement); compliance back-doors (the Compliance Guard on every move); issuer/redemption dependency, as the underlying are debt securities redeemable only via Authorised Participants; and standard smart-contract risk (audits, timelocks, pauses).
| Phase | Focus | Key deliverables |
|---|---|---|
| Phase 1 | Foundations | hToken Factory, Oracle Adapter, Compliance Guard v1, testnet, audit 1 |
| Phase 2 | Lending live | Multi-asset Collateral Vaults, permissionless liquidations, mainnet |
| Phase 3 | Income & baskets | DRIP Engine, first Index Baskets, basket-as-collateral, agent support |
| Phase 4 | Open ecosystem | Third-party compliance rail, governance + timelock, ZK eligibility |
Robinhood Chain answered "how do real equities get on-chain." Hood World Asset answers "what happens next." By turning Stock Tokens into productive, composable, compliant capital through a single receipt standard and a small set of audited contracts, it aims to be the utility layer an on-chain equity economy is built on — neutral, non-custodial, and honest about its risks.