Robinhood Launches Tokenized Apple Stock on Platform

Robinhood has started allowing users to purchase tokenized stocks of Apple, giving customers a new way to invest in the tech giant.

The move marks an expansion of Robinhood's existing product offerings, which already include fractional shares and cryptocurrencies like Bitcoin.

The tokenized stock, which is denoted by the ticker 'AAPL', allows users to buy a fraction of an Apple share for as little as $1. This can be a more accessible option for those who want to invest in the company but may not have enough capital to purchase a full share.