Fortinet Partners with Robinhood for Tokenized Stock
Fortinet, Inc., a cybersecurity company, has partnered with Robinhood to create a tokenized representation of its common stock. This new asset, called Fortinet, Inc. • Robinhood Token (FTNT), is built on Robinhood Chain, the company's own blockchain designed for tokenized real-world assets.
Each FTNT token tracks the price of Fortinet, Inc.'s underlying share, providing holders with on-chain exposure to the stock's performance. The token is freely transferable and can be used across the Robinhood Chain ecosystem.
The market capitalization of Fortinet, Inc. • Robinhood Token currently stands at £0.00, with a 24-hour trading volume of £11.08. In comparison to other assets, FTNT has seen significant growth in recent times, with its price increasing by 83.48% compared to markets and 136.33% against ETH.
The token's launch is part of Robinhood's broader initiative to expand access to tokenized U.S. equities via blockchain technology.