Tokenized stocks have been a talking point in crypto circles for years. Arcus, a new decentralized exchange built by the dYdX team in partnership with Robinhood Crypto, is trying to make them a reality at scale.
Eddie Zhang, CEO and founder of Arcus, recently sat down with Ryan Baggs to walk through what the platform is building and where it’s headed. Arcus launched on July 1, 2026, and the team has been moving fast since.
What Arcus actually does
The core pitch is straightforward. Arcus lets users trade tokenized versions of U.S. stocks, think Nvidia, Tesla, Apple, and Microsoft, twenty-four hours a day, seven days a week, with no trading fees.
The platform currently supports over 95 tokenized U.S. equities. It runs on Robinhood Chain, a blockchain developed by Robinhood Crypto, and is accessible to users in more than 120 countries. The notable exclusions: the U.S., Canada, and the UK.
