Robinhood's Arcus DEX drops 95+ tokenized stocks and perps — US users get the spectator seats 🎭

Arcus, a decentralized exchange built by the team behind dYdX and backed by Robinhood Crypto, launched tokenized stocks and perpetual futures on Robinhood Chain on Tuesday, expanding beyond the spot markets that went live on July 1 when the network launched. The platform now offers more than 95 stock tokens alongside perpetual markets and crypto assets, all settled using the Paxos-issued stablecoin USDG as primary collateral through self-custodial trading accounts.

The new products include tokenized versions of shares in Nvidia, Tesla, Apple, Microsoft, Meta, Google and Amazon, as well as perpetual contracts tied to equities, exchange-traded funds, commodities, indexes and crypto assets. Arcus uses wallet infrastructure provider Privy to onboard users via email or social login, while existing self-custodial wallets including MetaMask, Ledger and WalletConnect can be linked directly, with additional Ethereum-compatible wallet support cited by the company.

Access to the stock tokens is restricted in the US, Canada, the UK and other jurisdictions, underscoring ongoing regulatory uncertainty around tokenized securities. Regulators in the US and UK have been examining how blockchain-based representations of traditional assets fit within existing frameworks covering custody, ownership and market structure. Cointelegraph contacted Arcus for clarification on the restrictions but did not receive a response by publication time.

The launch adds Arcus to a growing field of platforms building infrastructure for tokenized real-world assets, a category that has drawn participation from crypto companies and traditional financial firms. Coinbase-backed Base has also been exploring ways to bring conventional financial products onchain, highlighting the competitive push across the sector as product structures and access rules continue to take shape.