Robinhood Wallet Adds Arcus as Routing Provider for Stock Token Swaps

The notable detail is not the token count but the mechanism: an RFQ layer sitting inside a consumer wallet's swap stack signals that tokenized-equity trading is being treated as an execution problem, not just a listing exercise. Routing quality — spreads, fill reliability, venue competition — becomes the differentiator once distribution is solved, and Robinhood has distribution. Whether other wallets and issuers follow with their own routing integrations, rather than relying on a single internal path, is the open question worth tracking.