Applovin and Robinhood Launch Tokenized Stock on Blockchain
Applovin Corporation has partnered with Robinhood to create the Applovin Corporation • Robinhood Token, which is a tokenized representation of the company's common stock. The token is designed to track the price of the underlying APP share and gives holders on-chain price exposure to Applovin Corporation's stock.
The Applovin Corporation • Robinhood Token is part of Robinhood's broader initiative to expand access to tokenized U.S. equities via blockchain technology. This means that users can now buy, sell, and trade the token just like any other digital asset on the platform.
According to data from Coinbase, the current market cap of Applovin Corporation • Robinhood Token is CA$4.216K, with a trading volume of CA$2.254K over the last 24 hours.