Robinhood explores stock token linked to ETF with T. Rowe Price

Robinhood: Robinhood operates a brokerage and crypto trading platform with a focus on accessible financial products. In 2026 the company launched Robinhood Chain, an Ethereum Layer 2 network built to support tokenized real-world assets and on-chain applications. It is now exploring a partnership with T. Rowe Price to develop a stock token linked to an actively managed ETF on that chain. T. Rowe Price: T. Rowe Price is a major asset management firm offering actively managed strategies across equities, fixed income, and other asset classes. The firm has recently expanded its active ETF lineup in European markets to reach new investors. It is collaborating with Robinhood to explore tokenizing one of its actively managed ETFs for launch on Robinhood Chain. Robinhood Chain: Robinhood Chain is an Ethereum Layer 2 blockchain built on Arbitrum technology and launched on mainnet in 2026 to host tokenized stocks, ETFs, and other financial assets. The network already supports stock tokens that provide economic exposure to underlying securities and integrate with decentralized applications. It serves as the proposed venue for the new active ETF-linked token under discussion with T. Rowe Price. Tokenization Development: The proposed collaboration would extend Robinhood Chain's existing tokenized stock and passive ETF products to include actively managed strategies. Blockchain Infrastructure: Robinhood Chain functions as a permissionless Ethereum Layer 2 optimized for tokenized real-world assets and financial applications. Asset Management Expansion: T. Rowe Price has been broadening its active ETF offerings in international markets including recent launches in Europe.