According to CoinMeta, Robinhood Crypto CEO Johann Kerbrat stated that the total locked-up value of Robinhood Stock Tokens ($TVL) has exceeded 170 million US dollars, and the trading volume on the relevant decentralized exchanges (DEX) is close to 50 billion US dollars. All Stock Tokens are backed 1:1 by actual stocks in custody; when new tokens are minted, corresponding stocks are purchased simultaneously, and economic benefits generated from dividends and company actions are also included in the holdings. Currently, physical stock redemption and voting rights are not supported, but Robinhood is developing a 1:1 stock redemption mechanism and plans to open up voting functionality for eligible holders. The related tokens are designed to be composable, with the aim of supporting more on-chain applications.