Tokenized equities, full fidelity.
A WIRED position is a Stock Token backed one-for-one by a share of common stock in qualified custody, read at full fidelity. Dividends compound in the token, splits are a multiplier update, and every settlement prints with a price. WIRED is the front office: the corporate-actions ledger, settlement proofs, and holder tooling the raw chain does not give you.
Four parts, one ledger
Robinhood Chain is a permissionless Ethereum Layer 2 on the Arbitrum Orbit stack, 100ms blocks, gas paid in ETH. Shares rest with a licensed custodian, and Robinhood Assets (Jersey) Limited issues Stock Tokens against them. WIRED's desk sits on top, indexing every multiplier update and settlement print into one ledger.
ERC-8056 interface
Stock Tokens are ordinary ERC-20s with 18 decimals and literal tickers (AAPL, NVDA, KO). ERC-8056, the Scaled UI Amount Extension, adds the multiplier: underlying shares = raw amount × uiMultiplier() ÷ 1e18. Every corporate action and every transfer announces itself.
Custody & backing
Every Stock Token is backed one-for-one by a share held with a licensed custodian. The issuer is Robinhood Assets (Jersey) Limited, and backing is monitored daily. Redemption runs directly with the issuer, subject to KYC/AML: tokens burn, shares deliver.
Eligibility & jurisdiction
Stock Tokens are available in 120+ countries and not to US persons. Purchases and redemptions are subject to KYC/AML and sanctions screening, and issuer documentation permits pauses and freezes in defined circumstances. WIRED enforces eligibility before the trade, not after.
Dividends & the multiplier
Dividends are reinvested automatically. Instead of a cash payout the multiplier increases, so your token represents more shares over time, fractional and immediate. Nothing to claim, nothing to sweep, nothing to remember.
Splits & the multiplier
A split is a multiplier update with an effective timestamp, announced onchain. Balances never migrate, addresses never change, and every wallet adjusts in the same block.
Halts & pauses
Transfers may be paused or restricted in defined circumstances, per issuer documentation. WIRED surfaces every pause on the ledger with its scope and window, so a restriction is never a surprise and never a rumor.
The redemption path
Holders redeem directly with the issuer, subject to KYC/AML: tokens burn, underlying shares deliver. Authorised Participants subscribe in the primary market after KYB onboarding. Everyone else composes with existing tokens on the secondary market, 24/7.
Settlement proofs
Every settlement is a print. DVP joins the stock leg and the USDG leg inside a single transaction hash, and a wallet's full holdings history reconstructs from Transfer events alone.