Ciena Partners with Robinhood to Tokenize Shares on Blockchain

Ciena Corporation has partnered with Robinhood to issue tokenized representations of its common stock on the Robinhood Chain, a blockchain built by the platform. The CIEN tokens are designed to track the price of Ciena's underlying shares and can be freely transferred and composed across the ecosystem.

The move is part of Robinhood's initiative to expand access to tokenized U.S. equities via blockchain technology, with a wider lineup of stock tokens launching on the same network.

The current market cap of CIEN is CA$1.791K, with an all-time high of CA$614.34 and a 24-hour trading volume of CA$3.889K.