SHARES TODAY, DIVIDENDS TOMORROW: Robinhood Chain's Tokenized Stocks Honor Dividends And Stock Splits. Here's What That Means For StonkBrokers.

StonkBrokers aren’t just receiving tokenized stocks from Fortune 500 companies today, they will also benefit from future dividends and stock

splits tomorrow!

On Friday, StonkBrokers employee and Otherside whale JDunk took to the timeline with some alpha, pointing out that Robinhood Chain's tokenized stocks are built with multipliers. That means holders onchain won't miss out on future dividends or stock split adjustments.

 

“Each token represents a number of underlying shares equal to its raw token amount scaled by the multiplier,” Robinhood wrote in its Docs. “ When a corporate action schedules a multiplier change ahead of time, the pending value and its effective time are readable on-chain”

 

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Following the confirmation, Clutch Markets founder 0xSimpleFarmer took to the timeline and explained what this means for activated StonkBrokers.

“Stock tokens honor dividends and stock splits through multipliers,” he said. “That’s incredibly bullish for $STONKBROKER. Every activated StonkBroker holds stock tokens directly in its ERC 6551 wallet. Those assets can multiply through real company dividends and stock split adjustments while remaining fully onchain. Essentially via what is automatic soft-staking. Real company revenue flowing into real onchain assets. Self-Multiplying Clock in.”

 

 

As the Gazette previously reported, Clutch Markets' StonkBrokers are a new collection on Robinhood Chain whose NFTs each have their own token bound wallet and are tied to a fungible token called $STONKBROKER through Clutch Markets' Anvil technology. Rather than acting as just another collectible, every StonkBroker is designed to hold tokenized stocks inside its own wallet.

 

After activating a StonkBroker for a small fee, collectors become eligible to receive tokenized stock distributions funded through the collection's marketplace royalties and other ecosystem flywheels.

 

As of this evening, Clutch Markets has distributed more than $150,000 worth of tokenized stocks of Nvidia, Amazon, Apple, Google, SpaceX, U.S. Oil, and Silver to activated brokers.

The Gazette will continue to follow all things StonkBrokers and will keep you posted as Clutch Markets continues to build on Robinhood Chain and beyond. Stay tuned for updates!