RWA markets

RWA markets reads official issuer metadata for eight underlying securities: AAPL, TSLA, NVDA, MSFT, AMZN, GOOGL, COIN and SPY. Current coverage includes their Solana xStocks and Robinhood Stock Token versions when each issuer publishes a valid contract. NEAR RWA execution is not connected.

Reference comparison

Select two issuer products with a matching underlying ISIN. The app compares USD reference prices per underlying share. It does not match tokens only by ticker, and it does not treat different issuers' products as interchangeable.

The displayed gap is a reference midpoint difference. Robinhood supplies underlying bid/ask values; xStocks supplies a single indicative price. Neither establishes the price, depth or amount available for your trade. xStocks does not supply a market timestamp on this endpoint, so the page explicitly distinguishes fetch time from market time. Snapshots expire after 30 seconds; stale, halted or inconsistent responses are rejected.

Corporate actions and raw units

Robinhood's API reference prices are per underlying share. The app applies the published multiplier once to calculate reference value per raw token. A pending multiplier change near its effective time blocks this valuation until refreshed metadata is available.

Solana xStocks use Token-2022. The mint's Scaled UI multiplier changes displayed exposure without changing raw units. Jupiter requests always use integer raw units, including the first leg's minimum output as the second leg's input. The page shows the effective on-chain multiplier separately.

Check an RWA quote cycle

Choose an official Solana xStock and enter up to 1,000 USDC. The app verifies the mint on Solana, requests USDC → xStock, then requests xStock → USDC using the first quote's minimum output. It displays the resulting difference before gas. You can save this check as a Solana RWA cycle rule in Alerts.

This analysis does not create a signing request. Source gas, account rent and executable profit are not established. Quotes may use different routes or become unavailable before a trade could complete.

Current execution boundary

RWA transaction signing is not enabled. Examined xStocks mints contain issuer controls including permanent delegate, transfer hook and pause extensions. The existing classic-SPL atomic adapter rejects these mints. A dedicated execution adapter must validate those controls, token accounts and routed instructions before signing is offered.

Robinhood's reference-price API is not an executable RFQ venue. A separate venue adapter is needed for its Stock Tokens. Cross-issuer conversion and three-chain RWA settlement have not been verified.

Access and issuer terms