Ondo has launched 15 tokenized stocks and exchange-traded funds on Robinhood Chain, allowing traders to swap the assets through Uniswap pools. The October 27 announcement includes 11 StablePair pools linking Ondo tokens with Robinhood Stock Tokens representing the same securities.
The pools provide an alternative trading route when Robinhood’s minting and redemption service is unavailable. However, price differences, liquidity constraints and transaction fees can affect trading costs.
Uniswap Pools Cover Major Stocks
StablePair pools let traders swap tokens linked to the same stock or provide liquidity to earn trading fees. The pools also adjust fees when paired token prices deviate from their expected 1:1 ratio.
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The 11 pairs include NVIDIA, Apple, Tesla, Meta and Alphabet. Four additional Ondo tokenized assets lack matching Robinhood Stock Tokens for StablePair trading.
Ondo Supports Cross-Chain Transfers
Ondo said eligible users can mint and redeem the 11 paired assets around the clock on Ethereum and BNB Chain. Its Ondo Bridge also connects Robinhood Chain to both networks.
Price gaps between paired tokens do not guarantee profits, as fees, liquidity, bridge conditions and redemption rules can affect arbitrage returns.
Ondo reported $1.3 billion in tokenized stock value and more than 450,000 cumulative holders. Meanwhile, ONDO fell 7.09% over the previous week to approximately $0.4167, according to CoinMarketCap.
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