Baskets, not bets: what we are building
Basquets is the asset management layer of Robinhood Chain — baskets of real tokenized stocks that anyone can create, invest in, and automate. Who we are, what exists today, and what comes next.
Robinhood put real US stocks onchain as tokens — NVDA, AAPL, SPY, ninety-six of them, with live Chainlink prices, on a chain of their own. We think that is the most interesting raw material to appear in crypto in years, and also that it is exactly that: raw material. Individual tokens you buy one at a time, in a market we have measured at roughly $17M of total float.
Basquets is the layer that turns those ingredients into portfolios. This article is the plain-language version of what we are doing and where it goes.
The problem, in human terms
Buying stocks one by one is a chore, and doing it well is a job. That is why the index fund became the most successful financial product in history — people don’t want twelve decisions, they want one good one.
But index funds are gated. There is an issuer, a fee structure you mostly take on faith, a market that closes at 4pm, and an account that isn’t really yours. Tokenized stocks change the raw material: for the first time, real equity exposure lives in a wallet the user controls, priced onchain, transferable at 3am on a Sunday. What’s missing is the layer that makes it usable — the layer that turns tokens into portfolios, and portfolios into habits.
What a basket is
A basket is a single ERC-20 token that holds a fixed recipe of stock tokens — an AI basket, a dividend basket, a “my personal top 10” basket. Minting one deposits the underlying tokens in-kind; redeeming one gives them back. No fund, no issuer, no wrapper you have to trust: the basket is its contents, and both the recipe and the holdings are public state anyone can read.
On top of that primitive sit three promises.
Anyone can be an issuer. Creating a basket takes minutes, not a fund license. Pick components, set the recipe, name it, publish. Curators earn a transparent share of the fees their basket generates — the best “fund managers” of this era might be a finance YouTuber in Lisbon or a quant hobbyist in Jakarta.
Investing becomes one decision. One tap converts stablecoins into a whole portfolio, with a live preview of exactly which tokens are bought at what price. A savings plan makes it zero taps: set an amount and a cadence — €100 into an AI basket every Monday — and let it run. This is the emotional core of the product: calm, compounding, self-custodied.
Everything is glass. Holdings, recipes, fees and prices are onchain and verifiable by anyone. Fees live in a single controller contract that is rate-capped and timelocked, and the interface reads them from the chain rather than hardcoding them. No fine print, because there is nowhere to hide it.
Built on measurements, not vibes
We published the research before the product on purpose, because the design follows from it. The market is thin, so the core protocol has no trading dependency — swaps live only in the replaceable periphery. Prices from convenient sources disagree with the oracle by double digits, so every value-bearing path reads one source of truth and fails closed when it isn’t fresh. Only about a third of the registry has a price feed, so basket components are allowlisted against verified feeds. When US markets close, minting pauses and the interface says so — a stock product should behave like one.
The same posture applies to us. The contracts are public on GitHub, the docs describe the system as built, and the stock token dashboard shows the chain as it is, tagged by source — including the numbers that are unflattering.
What exists today, and what comes next
Today you can explore every stock token on Robinhood Chain on the dashboard, read the documentation, browse the first baskets, and swap stock tokens directly. The protocol is pre-launch: an independent audit comes before meaningful TVL, and launch is guarded — a TVL cap and a small set of curated flagship baskets first, with basket creation opening to everyone after.
From there, the order of operations is the order of the promises above: one-tap investing from stablecoins, then savings plans, then the curator program at full width. And underneath all of it, the piece we care about most as infrastructure: a public NAV oracle that values any basket with the same fail-closed discipline, so that wallets and other protocols on Robinhood Chain can integrate basket tokens without trusting us.
The index fund was the best idea in the history of investing. We are rebuilding it as an open protocol, where the fund managers are the community and the fine print is a contract address. If you want to follow along or argue with us about it, we’re on X and Discord.