Robinhood xStock
HOODX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HOODX (Robinhood xStock) is a tokenized tracker certificate issued by Backed Assets (JE) Limited, backed 1:1 by Robinhood Markets Class A Common Stock. The asset demonstrates solid structural architecture with multi-chain deployment (Solana, Ethereum, Arbitrum, BNB Smart Chain), collateralized 1:1 backing, and the backing of a well-established publicly traded company (Robinhood Markets, Inc., NASDAQ-listed). However, the product is limited by several significant constraints: it has no native crypto governance or participatory community, trading volume and market cap remain modest ($9.08M–$18.1M market cap across sources), and there is an absence of verified third-party smart contract audits or reserve attestations in retrieved sources. While the underlying corporate issuer faced a settled $45M SEC penalty in January 2025 regarding broker-dealer compliance, no protocol-level exploits, depegging events, or direct legal enforcement actions have targeted HOODX itself. Consequently, the red-flag cap does not apply, and the overall score is derived directly from the weighted average of the section scores.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Robinhood xStock (HOODX)
Robinhood xStock (HOODX) is a real-world asset (RWA) tokenized tracker certificate issued by Backed Assets (JE) Limited under the ISIN CH1436219666. It is designed to track the performance of Robinhood Markets, Inc. Class A Common Stock (NASDAQ: HOOD) on a 1:1 backed basis. Launched in June 2025, the token is deployed across multiple blockchain networks, including Ethereum, Solana, Arbitrum, and BNB Smart Chain, providing on-chain market access to the underlying equity.
The token operates as a digital certificate with an elastic supply that adjusts based on minting and redemption demand, without crypto-native inflation or team token allocations. It is utilized for continuous 24/7 trading and can serve as collateral in decentralized finance (DeFi) protocols. Token holders do not possess direct shareholder rights, voting privileges, or legal fiduciary protections associated with conventional equity ownership. Additionally, access to HOODX is explicitly restricted for United States persons due to regulatory constraints.
While no exploits, depegging events, or direct enforcement actions have impacted the HOODX token itself, the project carries structural and counterparty risks. Retrieved sources identify no published reserve attestations or independent third-party smart contract audits for the token contracts. At the corporate level, Robinhood Markets experienced a customer data breach in November 2021 and settled an SEC regulatory action in January 2025, paying a combined $45 million in penalties across its broker-dealer subsidiaries for compliance failures, including Regulation SHO and recordkeeping violations. Tokenized equities also remain subject to ongoing jurisdictional and regulatory classification uncertainties.