Live on Robinhood Chain testnet

An index fund is a list of companies and a set of weights.

Tessera turns Robinhood Stock Tokens into baskets anyone can launch. Pick up to eight stocks, set the weights, and publish them as one token, backed share for share by the real stock tokens in a vault on Robinhood Chain. No stock tokens? Buy any basket with USDG.

Create a basket Explore baskets

Baskets: —
In vaults: —
Oracles: None

Robinhood Stock Tokens, liveArea is company value. Colour is the 24-hour move.

24h move, −3% to +3%

— · quotes from Robinhood

Baskets on Robinhood Chain

Read from the factory contract. Valued at live Robinhood quotes.

See all baskets

How a share is made

Two ways in, one vault. Every rule below is enforced by three small contracts, and none of them reads a price.

Stock tokens

in any wallet

mint: deposit the recipe

The basket vault

immutable recipe, no owner

share minted to you

$HOOD5

One share token

burn it any time to take the stocks back, pro rata

Or start with cash

Buyer with USDG

escrows cash for N shares

USDG in escrow

Creation desk

anyone holding the stocks fills the order and earns the premium

the vault mints straight to the buyer

The exchange keeps hours. The chain does not.

Robinhood Stock Tokens track companies that trade on the NYSE, but they settle on Robinhood Chain around the clock. A Tessera basket can be created or redeemed on a Sunday night, in kind, at whatever the vault holds.

New York Stock Exchange

Robinhood Chain

Open

No session, no holidays, no bell

Mints and redeems in about 250ms