HOODB represents tokenized bStocks that provide economic exposure to Robinhood, along with the right to convert into the underlying security on the Binance.com platform in accordance with applicable laws. Every token is fully backed by the corresponding underlying equity held by the Issuer at a US-regulated broker-dealer. Holders receive price movements and dividends, as well as the right to convert the token at a 1:1 ratio to the underlying share, which remains tradeable 24/7.