Arcus Launches Tokenized Perpetual Futures Positions on Robinhood Chain

Arcus, built by the team behind dYdX, has launched pTokens on Robinhood Chain. The new protocol converts perpetual futures positions into transferable ERC-20 tokens, allowing traders to buy and sell them like regular spot assets without managing margin or collateral directly.

The launch includes products such as pBTC and pBTC3x, which offer 1x and 3x long and short exposure to Bitcoin. There is also pHOOD3x, providing 3x long exposure to Robinhood stock.

pTokens can now be used as collateral for leveraged trades without requiring investors to sell their holdings. Arcus CEO Eddie Zhang stated that the goal of pTokens is to bring strategies like leveraged ETFs onto blockchain infrastructure.