Each pToken represents a pro-rata ownership stake in an underlying Arcus perpetuals account at a fixed market and leverage level.

Arcus launched a protocol on Robinhood Chain that tokenizes perpetual futures positions and allows tokenized stocks to be used as collateral for leveraged trading.

Arcus launches pTokens on Robinhood Chain, converting perpetual futures positions into transferable ERC-20 tokens for improved DeFi composability