The token tracks the price.
That is the whole product. Proxy moves when the reference Stock Token moves. No claim on the underlying company, no certificate, no share register entry. Exposure only, stated plainly.
Price-tracking token
You don’t own the stock. You own the move.
Robinhood’s Stock Tokens are tokenized price exposure, not equity. Proxy is the coin that says so, out loud.
24/7Settlement
120+Countries
0Brokers
Arbitrum-stack L2
Self-custody
Gas in ETH
pons_v2 launchpad
Live ticket
ReferenceRH Stock Token
Tracking1:1, continuous
CustodySelf, always
FiledNo. 001
The arrow through the slab. Proxy’s own mark, filed once and reused everywhere below.
Article I · How it works
Three honest clauses.
No fourth clause hiding underneath. Prose on the left, the literal on-chain behavior on the right.
It never sleeps.
Settlement runs continuously on an Arbitrum-stack Layer 2, no opening bell and no closing bell. The market you’re exposed to keeps market hours. The token you hold does not.
You hold the keys.
No broker sits between you and the token. No custodian holds it on your behalf. Self-custody means the wallet is yours, the responsibility is yours, and so is the upside.
$ proxy.track(reference_price) → mirrored proxy_price: 1:1, continuous custody: self, always vote_weight: none attached $ proxy.vote() reverts, no governance token, never was $ proxy.settle() 24 / 7, no bell
Article II · Try it, don’t take our word
Drag the price.
Drag the price.
The token follows.
Move the slider. Both lines mirror it, 1:1, at the same time. That’s the whole product.
Simulated reference move
Stock
+0%
$PROXY
+0%
The reference is flat, so $PROXY is flat. Same number, same time. That is the whole product.
Illustrative. A slider, not a live price feed. No market data is fetched.
Article III · Sizing, not tiers
However much you size in.
Three ways to think about position size. Not three products, not three prices.
Watcher
A small stake. Enough exposure to feel the move without betting the week on it.
- Smallest position size
- Lowest capital at risk
- Same 1:1 tracking
Holder Most common
Sized to the swing, not the story. The default way most people carry $PROXY.
- Balanced position size
- Standard for most holders
- Same 1:1 tracking
Mover
Sized to the thesis. No dividend and no cushion, full conviction on the move.
- Largest position size
- Full-conviction sizing
- Same 1:1 tracking
However you size it, it’s the same $PROXY contract. No tiers, no special access, no different token for bigger checks.
Article IV · Comparison exhibit
A share vs. the move.
Seven mechanics, side by side. Same page as the terms below, said once here in a table.
| Mechanic | A share | The move ($PROXY) |
|---|---|---|
| Ownership | Equity in the company | Price exposure only |
| Voting rights | ||
| Dividends | Sometimes, if declared | never promised |
| Trading hours | Bell to bell | 24 / 7 |
| Custody | Held by a broker | Self-custody wallet |
| Settlement | T+1 clearing | Continuous, on‑chain |
| Sells at 3am |
Article V · Everything on the record
The ledger.
Every clause above, filed in one column, posted one at a time as you scroll. Nothing added twice, nothing left off.
01Tracks the reference price, 1:1, continuous
02Self-custody, always. No broker, no custodian
03Settlement runs 24/7, no opening bell and no closing bell
04No voting rights attached
05No dividends promised
06Gas paid in ETH, on an Arbitrum-stack Layer 2
07Filed once, the mark reused everywhere on this page
Clauses on the record
00
Article VI · Fixed rules, on the record
No surprises in the fine print.
Every rule Proxy runs on, in one certificate. Nothing here changes after launch.
- Instrument
- Tokenized price exposure (debt obligation), not equity
- Voting rights
- None
- Dividends
- Never promised
- Settlement
- 24 / 7, continuous
- Custody
- Self, always
- Gas
- Paid in ETH
- Chain
- Arbitrum-stack Layer 2 (Robinhood Chain)
- Launch
- pons_v2, native launchpad
Certificate
No. 001
Article VII · The prospectus
How this works, in full.
A token tracks the price. That is the whole product. Nothing else is implied.
The whole mechanismProxy is exposure, not custody. Each Stock Token underlying the reference is a tokenized price-exposure instrument, issued as a debt obligation of the counterparty, not a share, not a certificate of ownership. Settlement runs continuously, twenty-four hours a day, seven days a week, on Robinhood’s Arbitrum-stack Layer 2, an Orbit-class rollup, fully EVM-equivalent, gas paid in ETH.
Not a shareNo custody of the underlying equity ever changes hands. No shareholder rights attach: no vote, no proxy access in the corporate sense, no dividend claim. Proxy inherits that framing on purpose. The tracking relationship is stated with the same precision a prospectus would use, and not one clause more.
No vote. No dividend.If the price moves, the token moves. If it doesn’t, neither do you. That’s the whole mechanism. Nothing hidden, nothing dressed up.
Read it again
Article VIII · Questions, answered
FAQ.
Do I own the stock?
No. $PROXY tracks the price of a Robinhood Stock Token. You hold a price-tracking token, not a share, not a certificate, not equity in the underlying company.
What exactly is a Stock Token?
A tokenized price-exposure instrument, issued as a debt obligation by the counterparty. It follows a number. It is not a claim on the company itself.
Can I trade at 3am?
Yes. Settlement runs 24/7 on an Arbitrum-stack Layer 2. The market you’re exposed to keeps market hours. The token doesn’t.
Who holds my $PROXY?
You do. Self-custody wallet, always. No broker and no custodian sits between you and the token.
Is this affiliated with Robinhood?
No. $PROXY is an independent token that tracks a Robinhood Stock Token’s price. Not issued by Robinhood, not endorsed by Robinhood.
Article IX · Four steps, no broker
How to buy.
01
Get a wallet
Any EVM-compatible wallet works. This is the self-custody part of the deal, kept from clause one.
02
Fund it with ETH
Gas on the Arbitrum-stack Layer 2 is paid in ETH. Bridge or hold enough to cover the swap.
03
Swap on pons_v2
Proxy launches on pons_v2, the native launchpad named in the terms above.
04
Hold in self-custody
No broker, no custodian. The wallet that bought it is the wallet that holds it.
Article X · The chain itself
Read it off the node.
Proxy settles on Robinhood Chain, an Arbitrum Orbit L3. These are live reads from its public RPC, not a screenshot of one.
Own the move. Not the story around it.
Every clause above says the same thing twice: this is exposure, plainly labeled. Read it again if you want. It won’t say anything different.