Split a stock token into the stock and its dividends.

Robinhood stock tokens on Robinhood Chain, split into a principal token and a yield token. Keep either half, trade it, or merge them back any time.

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Fixed rates, read from the pools.

Buy the principal token under par, redeem it for the whole share at maturity. The discount is your rate.

Read from each principal token's pool when one exists. The rate is the discount to one share, annualised to maturity.

One app, start to finish.

Your money, every market and the split box on one screen. One wallet, no account.

Your money

What you hold in each series, the yield waiting for you, and four doors: split, merge, claim, redeem.

Open the app →
Markets

Every series in one table. Open one for its numbers and a split box that quotes as you type.

See a market →
Split and merge

Pick a stock token, type an amount, see both halves before your wallet opens. Merge back the same way.

Split a stock →

How it works

A stock token pays its dividends by growing what each token is worth. HALVES splits that growth off into its own token.

01 · Split
One share in, two tokens out

SPDRSPYbecomes SPDRpSPYthe share, redeemable at maturity, and SPDRySPYevery dividend until then.

02 · Trade
Keep one half, sell the other

Keep the share without its dividends, or hold only the dividends. Once a pool exists, buying the principal under par locks a fixed rate.

03 · Merge
Back to the stock, any time

Hold both halves and merge them back into the stock token whenever you want. No fee, no lockup, no maturity to wait for.

Open by default. Readable on chain.

Every series is a plain contract on Robinhood Chain. Read it yourself before you use it.

Contracts · Robinhood Chain 4663
SeriesFactorySet at deployment
SPY seriesSet at deployment
NVDA seriesSet at deployment
AAPL seriesSet at deployment
TSLA seriesSet at deployment
No owner

The factory and every series have no admin, no pause and no fee switch. Anyone can open a series; nobody can change one.

Noncustodial

Your halves sit in your wallet. A series only holds the stock tokens backing them, and pays them back on merge or at maturity.

Merge is free, always

Both halves together return the stock token at any time, before or after maturity. Read the rules.

Start with one share.

Connect a wallet that holds a Robinhood Stock Token, split it, and keep the half you want.