Wire · technology
Robinhood-backed DEX Arcus expands with tokenized assets, perps
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Fusion42 · 21 July 2026 · Fusion42 review
Arcus, a Robinhood-backed DEX built by the dYdX team, launched tokenized stocks and perpetual futures on Robinhood Chain, offering 95+ stock tokens including major US equities alongside crypto derivatives. The platform uses self-custody via Paxos stablecoin USDG, but tokenized stocks remain unavailable in the US, UK, Canada and other restricted jurisdictions due to unresolved regulatory questions around custody and market structure.
This Wire brief sits within Fusion42's coverage of Fintech and Crypto & Web3.
◆ ◆ The Wire takeaway
If you're building custody, settlement or compliance for tokenized equities, your addressable market just shrank: Arcus can't serve the US, UK or Canada, which means the real money is offshore or the regulatory path isn't there yet. Watch whether Arcus survives on international volume alone—if it doesn't, you'll know the market isn't ready.
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1 source · 21 Jul 2026
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