On September 18, Robinhood rose 3.57% in regular trading, trading at $114.35/share, with turnover of $233 million. The rally was driven by the SEC's announcement of a five-year innovation exemption framework for tokenized stock trading, directly benefiting Robinhood as a core participant in the tokenized equity space.

Robinhood Chain, launched approximately 70 days ago, has already generated $42.58 million in total on-chain revenue, averaging roughly $608,000 per day. The chain's total value locked (TVL) approaches $1 billion, with on-chain stock token trading volume surpassing $3 billion. Robinhood's head of crypto business stated that the SEC's move signals tokenization technology is ready to enter the U.S. market at scale. Meanwhile, Deutsche Bank recently raised its price target on Robinhood to $138 from $136, maintaining a buy rating, while the broader analyst consensus target stands at approximately $133, with multiple firms setting targets in the $123 to $145 range.

Within the Investment Banking & Brokerage sector, peers showed mixed performance: Interactive Brokers up 1.21%, Raymond James up 0.35%, Charles Schwab up 0.21%, Goldman Sachs down 0.31%, Stifel down 0.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)