Introducing Tokenized Robinhood Markets ($HOOD)

Backpack introduces tokenized Robinhood Markets ($HOOD) on Solana. Each $HOOD token is tradable 24/7 and redeemable 1:1 for a real share of Robinhood Markets (Nasdaq: HOOD) through Backpack Securities.

Token details

About Robinhood Markets

Robinhood Markets, Inc. (Nasdaq: HOOD) is a diversified financial services provider best known for its retail brokerage platform. Its offerings span options, futures, cryptocurrencies, and prediction markets, alongside retirement accounts, high-yield cash sweep accounts, and advisory services through Robinhood Strategies. With $322 billion in customer assets and 27 million active accounts at year-end 2025, Robinhood has emerged as a significant player in the large, quickly growing US brokerage market.

Moving between $HOOD and real HOOD shares

$HOOD and traditional HOOD shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

• Withdraw a HOOD share from Backpack Exchange to tokenize it into $HOOD on Solana.
• Deposit $HOOD from a Solana wallet to Backpack Exchange to convert it back into the underlying HOOD share held in Backpack Securities.

The descriptions provided herein are for informational purposes only. For details, please see the Backpack Securities Terms of Service, available in the User Agreement.