Arcus Launches pTokens on Robinhood Chain DEX, Tokenizing Perpetual Accounts

August 25 news, according to The Block, Arcus has launched the pToken protocol on Robinhood Chain, which can convert perpetual contract account shares at fixed market and leverage levels into transferable ERC-20 tokens, which can also be used in on-chain protocols such as lending. The first batch supports leveraged exposure in BTC, SOL, HYPE, and certain stock tokens, while also launching multi-asset collateral functionality, allowing SPY, QQQ, and MAG7 tokens to serve as collateral for perpetual trading.