Svmuu News: Arcus, a decentralized exchange backed by Robinhood, launched tokenized stocks and perpetual futures on the Robinhood Chain on Tuesday. Arcus was built by the team behind the decentralized trading platform dYdX and is supported by Robinhood Crypto.
Arcus previously launched its spot market on July 1, when Robinhood Chain went live. The platform offers over 95 stock tokens, perpetual markets, and crypto assets through self-custodial trading accounts, using the USDG stablecoin issued by Paxos as its primary collateral and settlement asset.
The assets available on Arcus include stock tokens for major U.S. companies such asNVIDIA, Tesla, Apple, Microsoft, Meta, Google, and Amazon, as well as perpetual markets linked to stocks, ETFs, commodities, indices, and crypto assets.
Arcus stated that its stock tokens are not available in the United States, Canada, the United Kingdom, or other restricted jurisdictions. The platform operates on a self-custody model, allowing users to retain control of their assets and connect self-custody wallets such as MetaMask, Ledger, and WalletConnect.