Pay with SOL · HOOD
Want to put your Solana (SOL) to work in Robinhood Markets, Inc. (HOOD)? On GM Markets you can buy tokenized HOOD, backed 1:1 by real shares, funding the purchase with SOL. This guide covers how the SOL-to-stock flow works, the live price, the fees, the risks, and the steps to place your first order.
Funding
Solana (SOL) settles on Solana. You can use it to fund tokenized-stock purchases; because its price moves, many investors convert to a stablecoin like USDC at the point of trade.
About the stock
Robinhood operates a commission-free brokerage app that lets retail users trade stocks, options, and cryptocurrencies, as well as access related financial products. Its revenue comes largely from transaction-based sources such as payment for order flow, along with net interest income and subscription fees.
The bull case
Bullish investors highlight Robinhood's popularity with younger retail traders, its simple mobile-first platform, and its expansion into new products and services as avenues for broadening its user base and revenue.
Key risks
The company's results are sensitive to trading activity and crypto volatility, it faces regulatory scrutiny of payment for order flow and crypto offerings, and its revenue can be concentrated and cyclical.
Step by step
Create a wallet
GM Markets is non-custodial, so you connect a self-custody wallet and keep your own keys. There is no lengthy brokerage onboarding.
Fund with SOL
Add SOL to your wallet. GM Markets settles trades in stablecoins, so this becomes your buying power.
Find HOOD
Search for Robinhood Markets, Inc. (HOOD) in the GM Markets terminal to see the live order book and chart.
Place your order
Buy from as little as $1 with a market or limit order. Your HOOD token is backed 1:1 by a real share held at a regulated issuer.
Hold, trade, or redeem
Your position settles on-chain and is yours. Sell any time, or hold for exposure to HOOD.
FAQ
Other options
See the full Robinhood Markets, Inc. guide or the Solana hub.
Trading involves risk, including possible loss of principal. The value of tokenized assets and perpetual positions can fall as well as rise, and past performance is not indicative of future results. Perpetual futures are leveraged products and may not be suitable for every user.
GM Markets does not offer its product or services to users in the United States, or in any other restricted jurisdiction.
GM Markets does not provide financial, investment, tax, or legal advice. All investments carry risk including the loss of principal. Past performance does not guarantee future returns.
