According to CoinMeta, based on Token Terminal data, the number of holders of Robinhood stock tokens has risen to approximately 862,800, surpassing the 827,200 holders of Binance BSTOCKS, making it the largest issuer of stock tokens in terms of holder count. Token Terminal indicates that Robinhood has grown from zero to its current scale in about two months. Its stock tokens are considered tokenized debt securities that provide investors with exposure to the corresponding stocks or ETF, but they do not grant legal or substantive ownership of the underlying securities.