THE REGISTER/VENUE DOSSIER
robinhood-chain CHAINADMITTED 2026-09STATUS: ACTIVE

Pons

EDITORIAL THESIS

“Pons moves the highest daily flow in the register against thinner asset backing.”

14K
745 / 1000
CERTIFIED HALLMARK

TEMPORAL ANALYSIS // FINENESS TRAJECTORY

Fineness History Across Editions

RECORDED EDITIONS: 2 EDITIONS
375 HALLMARK CUTOFF7152026-097452026-10
Edition SnapshotFineness ScoreKarat BandRank Standing
Edition 2026-09715 / 100014k#2
Edition 2026-10745 / 100014k#1

RESERVE ARCHITECTURE // CUSTODIAL SCHEMATIC

Custodial Structure & Reserve Backing

ADMISSION CONDITION: PAIRING WITH RWA CLAIM
VAULT SCHEMATIC BLUEPRINTtokenized-equity
Illustrative vault schematic, not the venue's vault
Robinhood Europeattestation
VERIFIABILITY PROTOCOLATTESTATION
REDEMPTION TERMSREDEMPTION: NO
CUMULATIVE VOL$12.00B
24H VOLUME$544.0M
24H FEES$6.0M
REPORTED TVLNot published
RECORDED ARCHITECTURAL FACTS
12B

cumulative volume since the July launch, per September report

174M

stock-pair volume, about five percent of venue flow

VERIFIED SMART CONTRACTSAS OF 2026-09-22
factory
0x2b3c4d5e6f708192a3b4c5d6e7f8091a2b3c4d5e

METALLURGICAL BREAKDOWN // 5 CRITERIA CALIPERS

Current Evaluation Breakdown

Detailed criteria scores out of 10 with documented editorial rationale and house weight contributions.

BACKING EVIDENCEWEIGHT: 30%

Asset Quality & Backing

6 / 10

Stock-pair lineup expanded to UPS, SNAP, LULU, PFE and JNJ in September [calibration].

WEIGHTED CONTRIBUTION:+18.0 pts
VOLUME & DEPTHWEIGHT: 25%

Secondary Market Traction

10 / 10

Top daily volume venue with the densest pool activity in the observation window.

WEIGHTED CONTRIBUTION:+25.0 pts
CONTRACTS & DOCSWEIGHT: 20%

Reserve Transparency

8 / 10

Verified contracts, public inventory snapshots, and a named operating entity.

WEIGHTED CONTRIBUTION:+16.0 pts
DISCLOSUREWEIGHT: 15%

Custody & Legal Title

5 / 10

Standard token disclaimers only, with no prospectus or license cited.

WEIGHTED CONTRIBUTION:+7.5 pts
TRACK RECORDWEIGHT: 10%

Durability & Resilience

8 / 10

Two years live with consistent uptime and steadily growing liquidity.

WEIGHTED CONTRIBUTION:+8.0 pts