TALIS launches onchain structured markets protocol for tokenized stocks on Robinhood Chain
The protocol lets users split tokenized equities into income and upside positions, bringing structured finance mechanics to DeFi rails.
A new protocol called TALIS has gone live on Robinhood Chain, giving holders of tokenized stocks the ability to carve each token into two separate financial positions. One captures steady income. The other captures leveraged upside.
The protocol launches with markets for some of the most widely held names in traditional finance: NVIDIA, Microsoft, and Tesla. Robinhood Chain went live on July 1, 2026.
How the split works
TALIS lets users deposit a Robinhood Stock Token and split it into two ERC-20 positions: an Income token and an Upside token. The user picks a cap, say +5%, which defines where the split happens.
The Income position captures all value up to that cap, plus a premium. The Upside position captures any appreciation beyond the cap. So if NVDA rallies 12% and your cap was set at 5%, the Income holder gets the first 5% plus the auction premium, while the Upside holder gets the remaining 7%.
The Upside positions are sold through a descending-clock auction, a format where the price starts high and ticks down until a buyer bites. Proceeds from those auctions flow directly to Income holders.
The underlying Stock Token stays locked as collateral throughout the process. Settlement relies on a 30-minute time-weighted average price sourced from Chainlink oracles.
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TALIS charges a single fee: 5% of gross auction proceeds, collected in USDG. Splitting, merging, and settling positions are all free.
What Robinhood Chain brings to the table
Robinhood Chain operates as an Ethereum Layer-2 network built on Arbitrum Orbit, running with 100-millisecond block times. It was designed from the ground up for tokenized real-world assets.
The Stock Tokens trading on the chain are classified as tokenized debt securities. They provide economic exposure to US equities and ETFs but carry an important caveat: holders don’t receive legal ownership or voting rights in the underlying companies.
Trading of these Stock Tokens operates around the clock across more than 120 countries, though the US is excluded from that list. The tokens already integrate with established DeFi protocols like Uniswap for trading and Morpho for lending.
Structured finance meets DeFi mechanics
One notable design choice: there’s no liquidation risk. Because the underlying Stock Token remains locked as collateral, neither the Income nor the Upside position can be liquidated due to price movements.
The TALIS token itself launched with a fixed supply of 1 billion tokens and no emissions planned. The project has signaled that staking functionality will be introduced during its first phase.