Arcus unveils pTokens and prop trading on Robinhood Chain

Arcus launched pTokens on Robinhood Chain, turning perpetual futures into ERC-20 tokens with fixed leverage. Funded Protocol also introduced decentralized prop trading.

Arcus has introduced a protocol on Robinhood Chain that transforms perpetual futures positions into transferable ERC-20 tokens, known as pTokens. These tokens provide fixed-leverage exposure—both long and short—to assets like Bitcoin, Solana, HYPE, and Robinhood’s HOOD stock, with 1x and 3x leverage options. Traders can use eligible tokenized stocks, including SPY, QQQ, and MAG7 Stock Tokens, as collateral for leveraged trades at a 50% loan-to-value ratio, without selling their holdings. The pTokens can be held, transferred, or traded like any ERC-20 token, with leverage embedded in the token itself. Since launching on Robinhood Chain, Arcus has reported over $250 million in trading volume and an average daily volume above $33 million. Robinhood Chain, launched July 1, 2026, is optimized for tokenized real-world assets and fast, low-cost transactions. Additionally, Funded Protocol has launched decentralized prop trading on the chain, enabling users to invest in prop firm setups and earn yield, further expanding the DeFi ecosystem.