Tokenized equities on Robinhood Chain now have an onchain credit market: Robinhood Stock Tokens are live on Morpho as collateral for borrowing the USDG stablecoin. The markets are open only to non-US persons, as the tokens are not registered under US securities laws.

Steakhouse Financial curates the launch through its USDG vault and onboarded six tokens: NVDA, SPCX (SpaceX), AAPL and TSLA at a 62.5% liquidation LTV, plus GOOGL and SPY at 77%. Initial supply caps are set for an observation period and will be revised as liquidity and demand grow.

The Steakhouse USDG vault holds over $500M in deposits, supporting credit markets above $1B.

The move extends the July 2026 partnership in which Morpho began powering Robinhood Earn, and any app can now integrate these stock-token credit markets with Morpho as the lending layer and Robinhood Chain as the tokenization infrastructure.