How it works

Pair assets

The pair asset is what your coin trades against: buyers pay with it, sellers receive it, and it's what the curve raises.

What you can pair with

  • Stocks and ETFs: Robinhood's stock tokens on Robinhood Chain; xStocks and other issuers' stock tokens on Solana.
  • Pre-IPO tokens on Solana, which track private companies.
  • Crypto: ETH on Robinhood Chain, SOL on Solana.
  • Stablecoins such as USDG on Robinhood Chain and USDC, USDT and USD1 on Solana.
  • Established Solana tokens and a few leveraged tokens, where Raydium supports them.

The list is hundreds of assets. Each one is checked before it's offered: it must be priceable from reliable sources and safe for the curve to hold. Solana tokens that can't be transferred, have an active transfer hook, or charge a transfer fee above 3% are left out.

What pairing does not mean

A coin paired with NVDA is not NVIDIA stock, doesn't follow NVIDIA's price, and gives no claim on the company. It only means the coin is bought and sold for NVDA stock tokens.

Issuer powers

Stock and pre-IPO tokens are issued by third parties who keep control over them. Before you trade, each pair shows its issuer's powers in plain language. The common ones:

  • Pausing: Robinhood can pause its stock tokens, which stops trading on every curve paired with them until they're unpaused. Some Solana issuers can pause transfers too.
  • Moving tokens: some Solana issuers can move their tokens out of any account, including pool vaults.
  • Upgrades: issuers can change the token's contract.
  • Corporate actions: after splits and similar events, balances display with a multiplier; the underlying amounts don't change.
  • Transfer fees: some pre-IPO tokens charge up to 3% per transfer.
Stock tokens aren't available everywhere, and some issuers restrict who may hold them. You're responsible for the laws that apply to you. See the risks.