Key Points The SEC's Sept. 17 order lets qualifying venues trade tokenized U.S. stocks for five years -- if the tokens carry the same rights as the underlying shares, including dividends and voting. Robinhood's overseas stock tokens are derivative contracts or debt securities that grant no rights to the underlying stock, a structure the new order's definition excludes. Three days before the order, Robinhood said in-kind redemptions and voting rights are coming to its tokens. 10 stocks we like better than Robinhood Markets › The Securities and Exchange Commission just handed Robinhood Markets (NASDAQ:HOOD) something its CEO has campaigned for since the start of 2025. On Sept.
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