Arcus brings leveraged ETF-style products to Robinhood Chain
The product allows traders to gain leveraged or inverse exposure through a tokenized position while using existing positions as collateral
Arcus has launched leveraged, ETF-style onchain products through its new pToken protocol, which tokenizes managed perpetuals accounts into transferable ERC-20 assets on Robinhood Chain.
The system is designed to bring leveraged investment strategies traditionally associated with ETFs into blockchain markets while allowing tokenized positions to remain productive as collateral.
Each pToken tracks a proportional interest in an Arcus perpetuals account at a fixed asset and leverage level. Traders can buy and sell the tokens through spot venues while gaining long or short leveraged exposure without having to operate a perpetuals account or manage its margin directly.
The initial lineup includes pBTC and pBTC3x for BTC exposure and pHOOD3x for 3x leveraged HOOD exposure, with other crypto and tokenized stock products planned.
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The launch comes as financial institutions explore tokenized collateral as a way to improve capital efficiency and liquidity management. Arcus said its Robinhood Chain platform has generated more than $2 billion in trading volume since its July 1 launch, with average daily volume exceeding $100 million and more than 85,000 users on its perpetuals waitlist.