Thread
- Posted
- 2026-09-03 20:03 UTC
- First seen
- 12h ago via trade comments
- Chain
- Robinhood Chain
- Likes
- 2
Other theses on this trade
250k backing price in tokenized stocks Market cap 470 k Max downside -40% and treasury growing every hour Upside unlimited Higher
SEC approves temporary, conditional exemption to allow limited trading of tokenized stocks onchain Vlad is goin all in now Bullish for backed the hub of tokenized stocks on Robin Hood
Index just got added to listing roadmap of Robin Hood Backed is superior to index in all parameters
UPDATE: The valuation gap still makes no sense. $Index : 27M market cap CA: 0x56910D4409F3a0C78C64DD8D0545FF0705389870 $BACKED : ~500K market cap CA: 0x7168563B0E70124f0C7c0cF2F13a8D1861BAf4A5 That’s a 54x valuation gap. Both are playing the tokenized stocks / RWA narrative on @RobinhoodCrypto. But the models are completely different. $INDEX distributes stocks to holders. Holders receive the assets, sell them, and that value leaves the ecosystem. $BACKED does the opposite. The tokenized stocks accumulate inside the treasury and stay there, currently around 230 K usd At a 500K market cap, that means roughly 50% of the entire valuation is already represented by treasury assets. And the important part: That treasury is designed to KEEP GROWING. Every buy/sell and activity generated through the Prediction Market and Perps DEX can feed additional value into a treasury of tokenized stocks backing @isBacked_ More volume → more fees → more stocks in treasury → higher intrinsic backing. And if those underlying stocks appreciate? The treasury grows even without additional trading volume. Now think about scale. Last month $INDEX did roughly $30M in daily volume when @vladtenev followed the account. At $30M volume, a 3% fee would represent 900K. That is almost 2x $BACKED’s entire current market cap in ONE DAY. This is where the asymmetry gets crazy. @isBacked_ has already shipped: • @Uniswap v4 Hook • Governance to vote on which stocks the treasury buys next, powered by @rialto_xyz • Perps DEX powered by @Lighter_xyz • Prediction Market Four products. Multiple potential revenue engines. One accumulating treasury. And yet: $INDEX → 27M $BACKED → 500K 54x valuation difference. I’m not saying $BACKED deserves to trade at the same valuation just because $INDEX does. I’m saying the market is currently valuing a protocol with an accumulating RWA treasury and multiple revenue streams at 1/54th of its closest narrative comparable. At 500K, with 230 k already sitting in treasury assets, I know which side of that risk/reward I want to be on. The market eventually reprices asymmetry.
Most undervalued project on Robin Hood Best rwa tokenized stock project on rh No kols yet
UPDATE: The valuation gap makes no sense. $INDEX: ~$ 74 M market cap. Ca: 0x56910D4409F3a0C78C64DD8D0545FF0705389870 $BACKED: ~980 k market cap. Ca: 0x7168563B0E70124f0C7c0cF2F13a8D1861BAf4A5 Both are playing the tokenized stocks narrative rwa assets on @RobinhoodCrypto The difference? $INDEX distributes stocks to holders. Most receive, dump, and move on. $BACKED never lets the treasury leave around 210 k today in tokenized stocks. It means price will never go below 210 k Max drawdown is tiny and upside unlimited . Every buy and sell or the use of its prediction market or perps Dex grows a treasury of tokenized stocks that backs the token itself. The floor keeps rising as volume increases AND as the underlying stocks appreciate. Last week $INDEX did $30M in daily volume when @vladtenev started to follow the x account ; If $BACKED had the same volume, a 3% fee would have added roughly $900K worth of tokenized stocks to the treasury… in a single day. That means that the price of the token won’t ever go below 900K market cap. On top of that, the @isBacked_ shipped in one week: • @Uniswap v4 Hook • Governance holders can vote which stocks buy next powered by @rialto_xyz • Perps DEX powered by @Lighter_xyz • Prediction Market Four products. Four revenue engines. One treasury. One model relies on hype. The other compounds its intrinsic value every time people trade. Risk/reward isn’t even close. Yet the market is pricing @TheIndexFi at almost 75x the valuation. So you’re paying 75x more for what is, in my opinion, an inferior tokenomics and revenue model.
pons just got listed on Robin Hood imagine being so early and backed is the best tokenized stocks project on the chain
In just ONE month, we built a 205K backing in tokenized stock for $BACKED. We started with a public call at just 10K market cap and we’ve been working for our bags every single day since. Today: → ~$700K market cap → ~$205K in backing floor ( token can’t go below that market cap ever again ) and it’s only raising day by day every tick and sales and Everytime some user use our utilities → Nearly 30% of the entire valuation already backed by real assets That’s what makes the R/R so asymmetric. The backing keeps growing as the ecosystem generates volume, while the upside has no such ceiling. We didn’t come this far to think small. DENAR lend and borrow is adding value also to push the flywheel Believe. Keep building. We are still insanely early _
800 k market cap with 200 k in treasury that is backing the price is insane r r very limited down size unlimited upside with volume utility + denar flywheel ! bettin more on backed
we can use backed as collateral on denar to borrow usdg!! huge ecosystem ! At the moment beside the stock we can use backed and pons as collateral ! dm unipics that he can use his huge bag of pons as collateral too
I was alone buying from 13 k to 78 k We look better now but still early We are $BACKED by stonks + flywheel with $denar
Update on the valuation gap: Today: $INDEX: ~32 M $BACKED: ~500K But the valuation gap is STILL massive: ~64x. And nothing about the original thesis has changed. Both are playing the tokenized stocks / RWA narrative on @RobinhoodCrypto. The difference is in how value compounds. $INDEX distributes stocks to holders. $BACKED uses activity across its ecosystem to grow a treasury of tokenized stocks that backs the token itself. More volume → more fees → more stocks in the treasury → more intrinsic backing. And the team keeps shipping: • @Uniswap v4 Hook • Governance powered by @rialto_xyz • Perps DEX powered by @Lighter_xyz • Prediction Market •Basket you can your creator fees at a basket works with coins launched on @ponsdotfamily or @TradePools • Spend you can use your tokenised shares, spent on gift cards, eSIM data and mobile top-ups. 2,249 brands Multiple products feeding one treasury. The market has started closing the gap $BACKED went from $110K to $500K but at $500K vs $17M, we’re still talking about a ~34x valuation difference. Also compare it to $NET reserves are 1/21, $BACKED reserves are 1/4 Make it make sense. The first repricing happened. I don’t think the market is done.
most obvious play on Robin Hood rwa tokenized stocks meta backed price by stonk 150 k in vault registered company in dubai !??! millions
so 140 k in tokenized stocks reserves and 380 k market cap down side max 50% ish upside unlimited
Update on the valuation gap: https://x.com/ohmyjack/status/2092567313643905468 When I first posted this 👆 $INDEX: ~12M $BACKED: ~110K Today: $INDEX: ~17M $BACKED: ~500K So $BACKED is already up ~4.5x, while $INDEX moved ~40%. But the valuation gap is STILL massive: ~34x. And nothing about the original thesis has changed. Both are playing the tokenized stocks / RWA narrative on @RobinhoodCrypto. The difference is in how value compounds. $INDEX distributes stocks to holders. $BACKED uses activity across its ecosystem to grow a treasury of tokenized stocks that backs the token itself. More volume → more fees → more stocks in the treasury → more intrinsic backing. And the team keeps shipping: • @Uniswap v4 Hook • Governance powered by @rialto_xyz • Perps DEX powered by @Lighter_xyz • Prediction Market •Basket you can your creator fees at a basket works with coins launched on @ponsdotfamily or @TradePools • Spend you can use your tokenised shares, spent on gift cards, eSIM data and mobile top-ups. 2,249 brands Multiple products feeding one treasury. The market has started closing the gap $BACKED went from $110K to $500K but at $500K vs $17M, we’re still talking about a ~34x valuation difference. Also compare it to $NET reserves ( ca down below) are 1/21, $BACKED reserves are 1/5. Make it make sense. The first repricing happened. I don’t think the market is done.