Listed market
Cash stock
CASH
- Listed US share.
- NYSE / Nasdaq hours.
- The hedge lands here.
Quick answer: Cash stock, Classic Stock Tokens, Asset Stock Tokens, Coinbase B20, equity perps, and unofficial ticker copies can share a name — they are parallel instruments, not a pipeline, and none of the on-chain or app products is the listed US share.
Research classification. Not trading advice. Not for US persons. Not the cash stock. Authenticate the contract before mapping any token to a US ticker. See classification / methodology.
Stock, token, perp
Query: How do stock tokens, Classic tokens, and equity perps relate?
How the instruments relate
Not the cash stock. Not a product pipeline.
Classic does not become an Asset token. Left-to-right on this page is reading order, not a conversion path.
hedgeCash stock is the listed US share. Hedges land there. Cash hours apply. How a hedge can hit cash
Classic Stock Tokens and Asset Stock Tokens are parallel Robinhood products.
Robinhood · parallel
Classic Stock Tokens
CLASSIC / RHEU
- Robinhood Europe app.
- Derivative contract with RHEU.
- Not withdrawable. Not on-chain.
- No shareholder rights.
Robinhood · parallel
Asset Stock Tokens
RHJ / CARBON
- Robinhood Assets (Jersey).
- ERC-20 on Robinhood Chain.
- Economic exposure. AP-only create/redeem.
- Collateral and DEX mid live here.
Coinbase B20 is a separate official rail. Never mix its supply or basis with RHJ.
Separate official rail
Coinbase B20
CB / B20
- Base. Coinbase Onchain SPV / ADGM.
- Beneficial-interest wrapper.
- Separate from RHJ.
- Do not mix supply or basis.
Equity perps sit beside the tokens. They connect to cash only if someone hedges externally.
Beside the tokens
Equity perp
PERP
- Lighter and Arcus.
- No expiry. Long plus short nets to zero.
- Cash only if someone hedges.
- Funding is peer-to-peer.
authenticate contractUnofficial ticker copies are isolated. No create/redeem. Never the stock.
Isolated
Unofficial ticker copy
FAKE TICKER
- Permissionless.
- No create/redeem.
- Attention only.
- Never the stock.
Research map. Not trading advice. Not for US persons. Nasdaq / DTCC tokenization is a different same-rights rail and is not ingested.
Not on the map yet
Emerging on-ramp. Not tracked.
crumbs.family is a waitlist that claims merchant spend converts to the actual stock in a wallet (Costco to COST, Apple to AAPL), in 120+ countries, with first invites soon. No live volume, no options, and no issuer docs we have verified. It is not an instrument on this map and it is not a tape row.
What this wiki is
A crawlable explainer of the instruments this monitor ranks. Shared tickers are not shared claims. Classic Stock Tokens and Asset Stock Tokens are parallel Robinhood products. Coinbase B20 is a second official rail. Equity perps sit beside the tokens. Unofficial copies stay isolated.
The tape itself lives on the transmission scanner. How rank is built is on classification / methodology. A worked name page — NVDA — shows how those columns attach to one underlier.
Each instrument
- Classic Stock Tokens — A Classic Stock Token is a derivative contract between the holder and Robinhood Europe (RHEU), held as an EU-app balance — not withdrawable, not on-chain, and not a claim on the listed share.
- Asset Stock Tokens (RHJ) — An Asset Stock Token is a tokenised debt security issued by Robinhood Assets (Jersey) Limited — ERC-20 economic exposure on Robinhood Chain, not the cash stock, and not a Classic token.
- Coinbase B20 — A Coinbase B20 token is a Base-native tokenized-stock wrapper issued via Coinbase Onchain SPV / ADGM — a beneficial-interest rail with its own issuer, chain, decimals, and supply, never mixed with RHJ.
- Equity perpetual futures — Equity perps on Lighter and Arcus do not move the cash stock by themselves: long plus short nets to zero contract supply, and listed-share impact happens only if someone hedges externally.
- Unofficial ticker copies — An unofficial ticker copy is a permissionless token that borrows a name or symbol — no authenticated RHJ contract, no create/redeem bridge, attention only, and never the stock.
- Cash hedge — A hedge can hit the listed US share when someone buys or sells cash against synthetic inventory; a secondary token trade, a Classic app balance, or a perp book that no one hedges does not automatically move the stock.
How this monitor ranks them
Combined rank is the max of Inventory (perp OI / cash ADV), New risk (ΔOI / today's cash $ volume, or ADV if closed), and Collateral (Δ official effective supply notional / ADV). Carry and Forced are shown but do not enter the default rank. Attention never mixes into those three. Hedge fraction 0/25/50/100% is a scenario, not a measurement. Missing feeds stay blank, never zero.