Stocks
Honeywell Stock Tokenized by Robinhood for Blockchain Trading
Honeywell International Inc.'s stock has been tokenized and is now available on the Robinhood Chain, a blockchain built by Robinhood to bring real-world assets onto its network.
The token, HON on the Robinhood Chain, tracks the price of Honeywell's common stock, allowing holders to have on-chain price exposure to the company's shares.
The token is freely transferable and composable across the Robinhood Chain ecosystem, part of Robinhood's initiative to expand access to tokenized U.S. equities via blockchain technology.