> ## Documentation Index
> Fetch the complete documentation index at: https://docs.openxswitch.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Stock Tokens

Stock Tokens bring **real-world asset** (RWA) investment primitives directly onto the blockchain through **Robinhood Chain**. Issued as standard **ERC-20 tokens**, Stock Tokens provide economic exposure to underlying US shares and ETFs, enabling developers and businesses to build programmable trading, brokerage, and investment products directly within OpenXSwitch infrastructure.

#### Why Build with Stock Tokens?

* **Programmable Real-World Assets:** Standardized ERC-20 interface that works out of the box with existing wallets, libraries, and tooling.
* **On-Chain Price Feeds:** Every Stock Token is integrated with live Chainlink price feeds, allowing smart contracts to read equity valuations directly on-chain.
* **Composable Primitives:** Easily combine stock exposure with on-chain trading, lending, yield strategies, and structured products.
* **24/7 Global Access:** Assets live in users' wallets and remain tradeable and accessible around the clock.
* **OpenXSwitch Integration:** Easily issue, manage, and execute gasless stock token transfers using OpenXSwitch's unified APIs and smart wallet infrastructure.

### Technical Specification

| Property                | Specification                                                                           |
| ----------------------- | --------------------------------------------------------------------------------------- |
| **Token Standard**      | Standard ERC-20 (18 Decimals)                                                           |
| **Underlying Ticker**   | Tied 1:1 to underlying equities or ETFs by ticker symbol                                |
| **Price Feeds**         | Per-asset Chainlink Data Feeds                                                          |
| **Execution Mechanism** | Trades via Request-for-Quote (RFQ) swaps at launch; fully transferable standard ERC-20s |
| **Supported Network**   | Robinhood Chain                                                                         |

### Use Cases

Building with Stock Tokens uses the same developer patterns as standard digital assets, augmented with real-time on-chain pricing:

| Use Case                | Description                                               | Example Integration                                                                        |
| ----------------------- | --------------------------------------------------------- | ------------------------------------------------------------------------------------------ |
| **Portfolio & Display** | Display tokenized stock balances and live USD valuations. | A wallet dashboard displaying a user's NVDA, AAPL, and SPY tokens alongside daily P\&L.    |
| **Trading**             | Embedded swap interfaces.                                 | A trading widget quoting NVDA $\leftrightarrow$ USDG via RFQ and settling on-chain.        |
| **Lending & Borrowing** | Use stock tokens as collateral.                           | Deposit NVDA tokens as collateral on a lending venue to borrow USDG stablecoins.           |
| **Indices & Baskets**   | Bundle multiple tokens into unified products.             | An "AI Basket" (NVDA, MSFT, GOOGL) that auto-values via Chainlink feeds.                   |
| **Yield Strategies**    | Earn yield on equity exposure.                            | Supply stock tokens to a lending vault to earn additional yield on top of stock dividends. |
| **Global Access**       | Regional equity access.                                   | Offer US equity exposure to users in eligible global regions through mobile fintech apps.  |

### Corporate Actions & Multipliers

**What are Corporate Actions & Multipliers?** In traditional finance, corporate actions; such as stock splits, reverse splits, and stock dividends—alter the total share supply or share value of an equity without changing the investor's underlying economic value.

In Robinhood Assets, corporate actions are handled programmatically on-chain via a dynamic multiplier extension (**ERC-8056: Scaled UI Amount Extension**), ensuring that token holdings accurately reflect splits and adjustments seamlessly without friction.

* **Static Raw Balances:** The underlying token balance in a user's wallet remains static during splits, while the share-per-token ratio adjusts dynamically via the `uiMultiplier()` function.
* **Automated Oracles:** Chainlink price feeds automatically incorporate the multiplier into the reported price.
* **Seamless Swaps:** On-chain swaps, liquidity pools, and smart contract logic continue operating normally without requiring manual re-balances or token transfers.