Robinhood Stock Tokens went live as collateral on Morpho on Oct 22, so holders on Robinhood Chain can now borrow stablecoins without selling their tokenized equity exposure, per Morpho and confirmed by RobinhoodCrypto.

Robinhood Stock Tokens went live as collateral on Morpho on Oct 22, so holders on Robinhood Chain can now borrow stablecoins without selling their tokenized equity exposure, per Morpho and confirmed by RobinhoodCrypto.

Listed markets lend $USDG against NVDA and SPCX at a 62.5% liquidation threshold and SPY at 77%, according to The Defiant. Curator Steakhouse said it is onboarding the Stock Tokens into Morpho Vaults with initial supply caps for an observation period (post, blog note).

The scale figures come from third-party posts, not the two principals: MSBIntel cited over $1B supplied to Morpho on Robinhood Chain and ~$7M in deposits tied to stock tokens, while Paul Frambot tied that liquidity to the Robinhood App Earn flywheel (post). A day earlier RobinhoodCrypto reported $1.14B+ TVL, an ATH for Robinhood Chain (post).

Access is restricted: Stock Tokens are tokenized debt securities not available in the US or to US persons and subject to other jurisdictions, and Morpho is described as an unaffiliated third-party protocol (disclosure). MORPHO traded around $2.26 on Oct 22, down about 6% on the day across spot listings polled, e.g. Binance spot $2.263 (-6.1%) and Gate spot $2.265 (-5.74%).