THESIS
Asset layer. Market layer.
Robinhood Chain tokenizes Wall Street: 190+ stock tokens, Chainlink prices, self-custodied, around the clock. That is issuance and settlement. It is not an exchange.
Nasdaq is matching, risk, clearing, market data, and index infrastructure. Sherwood is that layer onchain: a financial market operating system built around Robinhood assets, not another stock DEX on their chain.
STACK
Why an L3
- 01
- 02
Robinhood Chain
Issuance of tokenized financial assets. AAPL, NVDA, QQQ live here.
- 03
Sherwood
Exchange infrastructure: sequencing, fees, oracles, liquidations, order flow.
- 04
Markets
Spot, perps, options, indexes, prediction, structured products.
Robinhood left Arbitrum One for its own chain for control. We take that one layer down. If you only wanted a stock DEX, you would deploy it on Robinhood. An exchange wants the rails.
VENUE
Permissionless market creation
Traditional listings are a committee. Here the chain is the exchange. Want AAPL/NVDA as a pair, an equally weighted Musk basket, a leveraged AI index, or an NVDA earnings binary? Deploy it.
SPOT
Tokenized names
AAPL, NVDA, TSLA, QQQ, SPY and the rest of Robinhood stock tokens, traded as ERC-20s.
DERIVATIVES
Equity perps
AAPL-PERP, NVDA-PERP, TSLA-PERP. Leverage on the same names, 24/7.
OPTIONS
Calls, puts, 0DTE
Listed strikes and weekly expiries. IV that can move while the cash session is dark.
INDEXES
Anyone can list
HOOD10, AI10, MAG7, MEME5, DeFi-equity baskets. Deploy a book, don’t petition a committee.
STRUCTURED
Vaults and spreads
Covered-call vaults, leveraged baskets, relative-value markets, yield on QQQ.
EVENTS
Earnings and closes
Will NVDA beat? Will TSLA hold $500 Friday? Will AAPL beat QQQ this month?
HOURS
Overnight price discovery
During the US cash session, equities still set the tape. After 16:00 New York, Sherwood is the continuous market for tomorrow's open.
16:00 NY
Cash close
NVDA prints $190. Nasdaq goes dark.
22:00
Event hits
Onchain NVDA token $196. Perp $198. Earnings markets and IV reprice.
09:30
Reopen
The overnight book has already priced the news. The cash open walks into it.
