Morpho Adds Loans Backed by Robinhood Tokenized Stocks, Opens Integration to External Apps
Summary
- Morpho said on X that it supports collateralized loans against Robinhood tokenized stocks.
- Morpho said users can post their Robinhood tokenized stocks as collateral and borrow stablecoins.
- Morpho said it supports integration so external applications (apps) can incorporate a lending market for tokenized stocks.
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Tokenized stocks traded on U.S. brokerage platform Robinhood can now be used as collateral for loans.
DeFi lending protocol Morpho said on X on Oct. 22 that it supports collateralized lending against Robinhood tokenized stocks. Morpho users can post their Robinhood tokenized stocks as collateral and borrow stablecoins.
Under the setup, Morpho serves as the lending network, while Robinhood Chain, Robinhood’s proprietary blockchain, provides the tokenization infrastructure. By linking tokenized stocks with DeFi lending, the arrangement expands how those assets can be used.
Morpho also supports integration with external applications. The project said any app can integrate a lending market for tokenized stocks.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul