This market will resolve to "Yes" if Robinhood offers tokenized versions of U.S.-listed equities to U.S.-based users for trading on its platform or an affiliated app it controls by December 31, 2025, 11:59 PM ET . Otherwise, this market will resolve to “No”. The tokenized equities must track the price of U.S. stocks such as those listed on the NYSE or Nasdaq. They may be structured as synthetic assets, wrapped instruments, or token representations of real equities, but do not need to confer voting rights or direct ownership. To qualify, U.S.-based users must be able to buy or sell the tokenized equities during the market period. The resolution source will be a consensus of credible reporting.