Nvidia's tokenized equity on Robinhood Chain has drawn roughly 74,000 asset holders, far more than any other offering on the network. SpaceX and Apple rank second and third, while the SPDR S&P 500 ETF (SPY) sits seventh, showing retail traders on the platform favor single tech names over a diversified index fund.
Nvidia's token leads the field
Robinhood Chain, a Layer-2 network built on Arbitrum's technology, lets users trade tokenized US equities and ETFs as ERC-20 tokens, each backed by shares held by custodians. That design supports on-chain trading, self-custody, and integration with DeFi protocols.
Nvidia's token, known as NVDArh, leads the platform by a wide margin. SpaceX and Apple trail in second and third place, while SPY ranks seventh — evidence that traders on the chain are gravitating toward individual growth stocks rather than a broad-market fund. SpaceX adds a further wrinkle: as a private company, its tokenized shares give retail traders access that a standard brokerage account cannot offer.
Holders are putting tokens to work
The appetite for tokenized equities is also showing up in usage, not just holder counts. NVDArh has generated roughly $2.4 million in DeFi deposits in recent snapshots, suggesting holders are depositing the token into lending and liquidity protocols rather than simply holding it. Doing so creates composability between a traditional equity position and decentralized finance — a holder can potentially earn yield on Nvidia exposure in ways a standard brokerage account doesn't allow.
That activity has coincided with rapid growth across the category. Real-world asset activity on Robinhood Chain swelled nearly fivefold during July 2026, reaching about $70 million in market cap, with most of the increase tied to demand for tokenized equities specifically rather than other RWA types. Across all platforms offering tokenized equities, not just Robinhood Chain, total holder counts exceeded 766,000 by late July 2026, with much of that growth reportedly occurring within just two weeks.
Custodial risk remains a factor
Tokenized equities depend on custodians holding the underlying shares, which introduces counterparty risk that doesn't exist when an investor holds the stock directly. Even so, the 766,000 total tokenized-equity holders across all platforms is tiny next to the hundreds of millions of brokerage accounts worldwide. Early data from Nvidia's token, with its $2.4 million in DeFi deposits, suggests at least some holders are treating the asset as a functional financial instrument rather than a digital keepsake.
Source: Crypto Briefing
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