Robinhood weighs active ETF-linked stock token launch with T. Rowe Price

Robinhood Crypto said on X it is considering launching Stock Tokens linked to active exchange-traded funds on Robinhood Chain with global asset manager T. Rowe Price. T. Rowe Price has about $1.9 trillion in assets under management. Robinhood said the product could become the first stock token tied to an active ETF if launched, but added that the collaboration and product launch remain subject to legal due diligence, board approval and regulatory authorization, and have not been finalized.