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Robinhood Launches Tokenized Adobe Stock on Its Own Blockchain

Guavy AI Editorial Team
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Robinhood has launched its own blockchain, Robinhood Chain, which allows for tokenized real-world assets to be brought on-chain. One of the first tokens issued on this platform is the Adobe Inc. • Robinhood Token (ADBE), a tokenized representation of Adobe Inc.'s common stock.

The ADBE token is designed to track the price of the underlying ADBE share, giving holders on-chain price exposure to Adobe Inc.'s stock. This token is freely transferable and composable across the Robinhood Chain ecosystem.

The current market cap of the ADBE token is A$4.672K, with a trading volume of A$1.412K over the last 24 hours. The circulating supply of the token is 12, with no maximum supply.

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