Robinhood Launches Tokenized Stock for NuScale Power Corporation

NuScale Power Corporation has partnered with Robinhood to issue tokenized representations of its common stock on Robinhood Chain, a blockchain built by Robinhood. The token, called NuScale Power Corporation • Robinhood Token or SMR, is designed to track the price of NuScale's underlying stock.

According to the market data provided by Coinbase, the current market cap of SMR is CA$730.60, with a circulating supply of 53 tokens and a diluted valuation of CA$730.66. The token has seen a 319.66% increase in volume over the past 24 hours.

The introduction of this tokenized stock on Robinhood Chain marks the company's broader initiative to expand access to U.S. equities via blockchain technology, allowing users to buy and sell tokenized shares of NuScale Power Corporation directly on the platform.