Robinhood Launches Token for JPMorgan Chase & Co.
JPMorgan Chase & Co. has partnered with Robinhood to issue a tokenized representation of its common stock on the Robinhood Chain, a blockchain built by Robinhood for tokenizing real-world assets.
The JPMorgan Chase & Co. • Robinhood Token is designed to track the price of the underlying JPM share, giving holders on-chain price exposure to JPMorgan Chase & Co.'s stock.
This move is part of Robinhood's broader initiative to expand access to tokenized U.S. equities via blockchain technology.