Robinhood plans to add physical redemption and voting rights to stock tokens

Robinhood's crypto lead Johann Kerbrat announced that the company is working to integrate physical redemption and voting rights into its stock tokens. Currently, these tokens are debt securities settled in cash without shareholder rights. The team aims to enable 1:1 stock redemption and voting through the Say by Robinhood platform. Robinhood currently supports over 190 stock tokens, with a total value locked exceeding $170 million and nearly $50 billion in DEX volume on the Robinhood Chain.