Robinhood Brings Tokenized Uber Stock to Blockchain

Uber Technologies, Inc.'s (UBER) common stock has been tokenized and made available on Robinhood Chain, a blockchain built by Robinhood to bring tokenized real-world assets on-chain. The token, called UBER, is designed to track the price of the underlying UBER share, giving holders on-chain price exposure to Uber Technologies, Inc.'s stock.

The token is freely transferable and composable across the Robinhood Chain ecosystem, part of a broader initiative by Robinhood to expand access to tokenized U.S. equities via blockchain technology. A lineup of other tokenized stock tokens will also be launching on the same network.