OTC is live on Robinhood ChainThe tokenized equities case

Equities

A tokenized equity is a claim on a listed share, and it already trades on Robinhood Chain. What follows is the whole argument: why a pool is the wrong venue for a trade you want to price yourself, why a desk needs no pool at all, what Berry does and does not do, and exactly where this capability stops today.

01 The market

Deep for a handful. Empty for the rest.

Every one of these shares trades in a pool today, and a few of those pools are genuinely deep. The rest are not, and that is the part nobody prices in. Owning a share is not the same as being able to move a real position of it.

192 / 193

Tokens with a live pool

Read from the Robinhood Chain asset registry, then from the chain itself. Almost all of them trade.

581

Median pool inventory

For the middle token, this is everything held across every pool, every fee tier and every pairing it has. Not one pool. All of them.

17%

A 100-share order, of that

One ordinary order, measured against the middle token's entire on-chain inventory. This is the number a pool cannot absorb and a desk does not care about.

AMC

772,211 tokens across every pool

192 tokens, deepest first, log scale

Uniswap V4 pools do not keep their own reserves. Every pool’s real balance sits inside one shared contract, the pool manager. So whatever that contract holds of a token is that token’s entire trading inventory, across every pool, every fee tier and any pairing it has. One number, not a guess, and nothing to cherry-pick.

109 of 192 hold under 1,000 tokens across every pool they have.

The deepest, for contrast

  • AMC

    772,211 in pools

  • DJT

    109,056 in pools

  • HIMS

    57,256 in pools

  • GME

    50,257 in pools

Berry does not issue, hold or endorse any of these. They are named so the reading can be checked.

Not the issuer

Berry is the desk, not the issuer.

Berry does not issue these tokens, hold the underlying shares, or check who you are. Someone else issued the token and owes you whatever it is worth. Berry moves it from one wallet to another and takes no custody on the way. Everything on this page exists because that distinction costs people money when they miss it.

Issuer

Owes the holder

Seller

Berry, no custody

Buyer

03 The answer

An agreed price is the case for a desk, not a reason to wait.

A desk does not need a pool. Two parties agree a price, and an escrow swaps both legs of the trade in a single transaction.

Leg one

The equity leg

The tokenized share moves from seller to buyer.

Pending
Leg two

The payment leg

Payment moves from buyer to seller.

Pending

Two legs, one transaction. Nothing settles until both do.

Scroll back and both let go together too.

04 Verify it yourself

Paste an address. Read Robinhood Chain.

Before you post or take an equity offer, run the same check the desk runs internally. No wallet, nothing signed.

What the tool reads

  1. Is anything deployed here

    eth_getCode against the address. Nothing deployed, nothing else to check.

  2. Does it answer the ERC-20 interface

    Name, symbol, decimals, and total supply, read directly from the contract.

  3. Does a transfer clear

    A zero-value transfer, simulated between two unrelated addresses. It reverts on a token that gates transfers behind an allowlist.

  4. What it will never say

    There is no verified state and no tick against the address. Anyone can deploy a contract whose symbol() returns "bCOIN". The tool reports, it does not reassure.

What only you can check

  1. Verify the contract yourself

    Berry ships no address list for tokenized equities, because none has been verified. Check the address against the issuer's own published list and on the block explorer before you sign anything.

  2. Confirm the token is freely transferable

    If the token gates transfers behind an allowlist, settlement reverts unless both wallets and the escrow are on the register. The trade cannot clear, and you find out after paying gas.

  3. Issuer restrictions bind you, not the escrow

    Issuers restrict who they will sell to and redeem for. Backed states its tracker products are not offered to US persons. The escrow enforces none of this, and cannot.

  4. You are trading the token, not the share

    A tracker certificate is a claim on the issuer that follows the price of the underlying stock. Redemption is between you and the issuer. Berry is not a party to it.

05 Issuance

The other side: configuration, not new code.

Studio’s equity preset is a set of defaults over the same issuance contract every other preset uses. Nothing here is a bespoke mechanism invented for equities.

Shares authorized

Relabels the contract's own supply cap. Berry's naming, not a mechanism the contract did not already have.

Who can hold it

Allowlist is forced on under the equity preset, and its toggle is disabled while the preset is active, labelled as Berry's rule. Switch back to general purpose and control returns. Blocklist and freeze-and-seize stay yours to set either way.

Lockup and holder cap

A transfer lockup in days and a maximum holder count, both enforced on every transfer, not only at mint.

Transfer agent

A seventh role alongside the six the Studio already ships, for whoever the offering documents name to administer it.

06 The limits

Every product on Robinhood Chain claims upside. Here is where ours stops.

A pitch that only lists what works is a pitch nobody can check. These three are checked, current, and unresolved on purpose.

No address list.

Every other asset on the desk is picked from a dropdown. Equities gets a blank field, because nobody on this project has verified a single tokenized-equity address on Robinhood Chain yet. An address you check yourself is worth more than a list you cannot.

No yield claim.

Berry Juicer earns a share of Uniswap V4 swap fees, so a yield claim needs a fee source behind it. On Robinhood Chain there is one: about a third of one tokenized equity's supply sits in V4 pools, read on-chain on 9 September 2026. That is inventory, not revenue, and nobody has measured the fees it earns, so Berry still puts no yield number on this asset class.

No path onto a standard pool.

An allowlisted equity token cannot enter an ordinary Uniswap V4 pool. Uniswap's Permissioned Pools solve exactly this with an issuer-run allowlist hook, live since July 2026, but whether that hook is deployed on Robinhood Chain is unconfirmed. Until it is, Berry OTC is the only place this asset class settles here.

Build the capability. Flip the claim when it is true.