Robinhood stock token becomes a liquid asset for Meme coin trading, and traders exchange it with Meme coin to form a liquidity pool. Dune data shows that the daily trading volume of stock tokens and Memecoin reached $440 million in early September. According to RWA.xyz data, the total market value of stock tokens tracking the S&P 500 ETF, Nvidia, SpaceX, Meta, and others has reached $69 million. The US Securities and Exchange Commission (SEC) has granted temporary exemptions for on chain tokenization of US stock trading under specific conditions. (Source: Bloomberg)