Credit for stock-token inventory

A proposed pool for market-maker funding on Robinhood Chain

Illustrative securities folio with graphite, transparent and vermilion layers — Illustrative $1,000,000 capital structure

A stock-token market needs more than a price

Market makers hold inventory so buyers and sellers can trade / That inventory ties up capital, even when the underlying market is closed

Drawset proposes short-term credit against existing stock tokens on Robinhood Chain / The asset-pool idea becomes a funding layer for approved market makers, with cash reserves, credit exposure and exit commitments shown separately

For eligible capital providers, the question is how capital is used and how it comes back / A readable balance sheet comes before a promise of liquidity

Test the reserve and exit assumptions

See what stays in cash

Reserve 25%

Cash reserve: $250,000
Inventory credit: $750,000

Illustrative USD / A $100,000 cash floor stays protected

One pool, distinct obligations

Cash held back$250,000

The reserve is capital that has not been lent / Available cash above the protected floor can meet exit requests, while the floor remains a buffer for the pool

Protected floor: $100,000
Cash available for exits: $150,000

Inventory financed$750,000

Approved market makers would borrow against eligible stock-token collateral / New credit would depend on collateral limits, verified prices and market conditions / Collateral does not remove default or liquidation risk

Illustrative collateral$1,500,000

Credit outstanding$750,000

Exits made explicit$200,000

An exit request can be paid from available cash or enter a queue / Borrower repayments could replenish cash for queued requests / A queue records a commitment, not a guaranteed completion date

Available from cash: $150,000
Queued: $50,000

The mechanism is being tested

A restricted project-wallet pool is deployed on Robinhood Chain Testnet / It uses valueless test USD, faucet TSLA and a manually supplied collateral value / Recorded runs cover borrowing, partial repayment, queued exits and recovery after a process restart

Inspect the actual testnet runs

Recorded on the testnet

Loading recorded runs

Capital has conditions

The proposed product is intended for eligible non-US capital providers and approved stock-token market makers / Jurisdiction, asset and investor checks would be required before any offering

Borrower default, collateral price gaps, stale data, issuer restrictions and limited market liquidity can cause losses or delay exits / The test harness does not establish production safety, underwriting quality or an ability to return real capital

Independent concept / No Robinhood affiliation / No production vault or customer deposits / No investment offer

Read the limits