Ondo Opens 11 Pools for Trading Tokenized Stocks on Robinhood Chain
Key Facts
Ondo announced on October 27, 2026, that it had opened StablePair pools on Uniswap v4 via Robinhood Chain, enabling swaps between its tokens representing stocks and exchange-traded funds and Robinhood tokens that provide economic exposure to the same underlying securities. The company said 11 Ondo assets could be traded through the pools and could be minted and redeemed on Ethereum and BNB Chain around the clock, including on weekends. The structure offers an additional trading route between tokens linked to the same underlying asset. Ondo assets can also be transferred between Robinhood Chain and BNB Chain or Ethereum via Ondo Bridge, where they can be minted and redeemed. The launch announcement did not report any subsequent measure of price or liquidity outcomes, presenting price convergence as a possibility and a proposed mechanism.
StablePair, according to Ondo, adjusts liquidity-provider fees when the price of paired tokens moves away from the expected exchange rate. The adjustment is intended to give liquidity providers a larger share of the value created by price moves toward convergence, while preserving an incentive for traders to move in that direction. The company says the mechanism could support swaps between Ondo and Robinhood tokens linked to the same underlying asset. Ondo presents this as a potential way to address price differences, not as an outcome that has already been achieved. The announcement does not include data measuring the pools' performance or the amount of liquidity available in them after launch.
The mechanism is particularly relevant during periods when Robinhood token minting and burning are paused. Robinhood's documentation sets the window for these operations by market makers from Monday at 02:00 to Saturday at 02:00 CET/CEST, while onchain purchases and sales remain available outside the window. Ondo said that buying a Robinhood token if it falls far enough below the prevailing price, then swapping it for its corresponding token and transferring it for redemption, could provide an additional arbitrage route during the closure. The company says this route could help narrow price spreads when Robinhood's minting and redemption operations are paused. This remains a description of a possibility proposed by the company, not an observed market effect.
The two tokens have different legal structures despite potentially being linked to the same underlying securities. Robinhood's documentation describes Stock Tokens as tokenized debt securities issued by Robinhood Assets (Jersey) Limited, providing economic exposure to the underlying securities without granting holders legal or beneficial rights in them. Ondo, meanwhile, says its tokens are backed by securities held at U.S.-registered broker-dealers and cash in transit, with an independent party verifying the backing every business day. This means tokens may provide economic exposure to the same asset while differing in issuer and issuance structure. These differences are among the considerations involved in accessing and using the products.
Ondo says Ondo Stocks launched in September 2025 and has reached $1.3 billion in total value locked, while the cumulative number of holders of its assets has exceeded 450,000, according to its October 27, 2026, statement. Robinhood announced the launch of the public mainnet for Robinhood Chain on July 1, 2026, saying the network was built using the Arbitrum platform and that Uniswap was among its launch partners. On July 2, 2026, Uniswap announced the availability of v2, v3, v4 and UniswapX on the network. Ondo's announcement adds StablePair pools to the trading options available through Robinhood Chain. The announcement did not specify when other assets would become available through the pools.