Robinhood upgrades dividend rights for stock tokens

Robinhood has updated its dividend rights mechanism for stock tokens, ensuring that dividends are automatically applied on the ex-dividend date rather than weeks after the payout date. This change aims to improve pricing accuracy and prevent dividend dilution. The feature currently covers most stock tokens and will be expanded further. Stock tokens are tokenized debt securities not available to U.S. persons and are restricted in jurisdictions including Canada, the U.K., and Switzerland.