Arcus launches tokenized perp positions on Robinhood Chain

The notable part is not tokenized perps as such but the collateral leg: letting tokenized equities back leveraged positions without an outright sale blurs the line between holding and financing. That matters most for platforms and issuers whose tokenized stocks would otherwise sit idle, since collateral utility is what turns a wrapped asset into a productive one. The open questions are whether transferability of position tokens creates a secondary market in leverage itself, and how such collateral is valued and liquidated when the underlying equity gapped.