Owning HOODON: Uses, Storage and Risks

HOODON is Ondo’s tokenized version of Robinhood Markets stock, designed to give you economic exposure similar to holding HOOD, with dividends reinvested. It is a tokenized asset, not Robinhood’s own cryptocurrency, and the token itself does not make you a direct shareholder in Robinhood Markets.

Do not assume you receive shareholder rights such as voting or a direct claim on company assets. Check Ondo’s current product terms to see what rights HOODON holders have, how the token tracks the stock and what rules apply to holding or redeeming it. Ondo describes its tokenized stocks as available for eligible non-US retail and institutional users to mint and redeem 24 hours a day, five days a week, subject to additional restrictions. That does not mean every user or jurisdiction can access HOODON, or that every platform offers the same services.

HOODON is issued on Ethereum, Robinhood Chain, Hyperliquid L1, BNB Chain and Solana. It is not the native token of any of those chains. Before sending it, check which network your wallet or trading platform supports and confirm that the receiving address is for HOODON on that same network. A token sent over the wrong chain may be difficult or impossible to recover.

Use only a wallet that supports the specific network and token contract you intend to hold. Verify the contract through Ondo’s official channels before adding a token manually; a familiar ticker or logo is not proof that a token is genuine. Ondo’s minting and redemption service is subject to eligibility and other restrictions, so check its terms before relying on it to access or exit the position. Network transaction charges can also vary by chain and change over time.

As of 2026-11-08, HOODON’s reported circulating and total supply were both about 37,276 tokens; no maximum supply was reported. Its price was about $80.69 and its market capitalization about $3.0 million on that date. These figures can change, and a token’s market price may differ from the value of the underlying Robinhood stock.

Supply figures alone do not tell you whether you can redeem a token, what a redemption will cost or whether you are eligible. Read Ondo’s terms for those details before treating HOODON as interchangeable with HOOD shares. Also check the quoted price and available trading depth on the specific platform you plan to use: a displayed price does not guarantee you can trade that amount at that price.

For self-custody, use a wallet that supports both HOODON’s exact network and token contract. Keep your recovery phrase offline and private; anyone who obtains it may be able to control your assets. For a custodial platform, check its withdrawal rules and confirm that it supports the same network you plan to use.

The main risks are different from simply holding listed shares. HOODON depends on the token’s issuer and the arrangements behind the product, so redemption access, tracking and legal rights matter. You also face Robinhood stock-price risk, smart-contract and blockchain risks, and possible network or platform interruptions. Token prices and liquidity may not match the underlying stock at every moment. Check current product terms, eligibility, fees and redemption arrangements before transferring or holding it. Never rely on a message or unsolicited offer promising guaranteed returns or asking for your recovery phrase.