HOODX is a tokenized version of Robinhood (HOOD) stock launched on Bybit through its partnership with xStocks, a platform developed by Backed Finance. Each HOODX token is backed 1:1 by actual Robinhood shares and issued on the Solana blockchain, ensuring transparency, security, and real-world value. This allows users to trade Robinhood stock on-chain 24/7, with benefits such as fractional ownership and seamless accessibility for global investors.