DigitalOcean Holdings, Inc. has partnered with Robinhood to create a tokenized representation of its common stock on the Robinhood Chain.
The new token, titled DOCN, is designed to track the price of DigitalOcean's underlying shares and can be transferred freely across the Robinhood Chain ecosystem.
This move is part of Robinhood's broader initiative to bring tokenized U.S. equities onto its blockchain network.
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