Arcus Integrates Robinhood Wallet, Launches Real-Time Points Rewards

The tie-up matters less for the tokenized-stock count than for the incentive design: routing Robinhood Wallet flow through Arcus and paying more points for swaps executed there than for direct Arcus spot trades is an explicit bid to capture order flow at the venue level. It also signals that tokenized equities are being treated as a distribution battleground rather than a niche listing exercise. Whether the points skew actually pulls liquidity away from direct trading, and whether limit orders arrive as planned, are the open questions.