Robinhood Chain opens OTC Pink Sheets desk

Pink Sheets said on Monday it opened an over-the-counter block desk on Robinhood Chain, adding a venue for large memecoin and tokenized-stock trades outside public liquidity pools. Pink Sheets’ website describes the product as “the desk for trades that don’t fit in a pool” and says the desk is built on Robinhood Chain. The site says users can post trade intent, receive sealed bids from makers and settle the transaction onchain. Robinhood describes Robinhood Chain on its website as a blockchain built for financial services and tokenized real-world assets. ### Why launch a separate desk instead of using a pool? Pink Sheets’ site says the desk is meant to bypass pools for block-size trades. The site lays out a flow in which a user posts intent, makers submit bids under seal, the best price is selected and the trade settles atomically in a single transaction. Pink Sheets says that process is designed for orders “that don’t fit in a pool,” a reference to trades large enough to move quoted prices in standard automated market-maker pools. (pinksheets.fi) A sample quotation on the Pink Sheets site shows a $480,000 sell order in “$HOOD-x,” with a countdown window and the notation “pool bypassed.” The site also includes a graphic stating that, at larger trade sizes, “the pool charges the gap above size,” framing the OTC route as an alternative for block execution. ### What exactly is being traded on Robinhood Chain? Robinhood says Robinhood Chain is “built for onchain finance” and for tokenized real-world assets. (pinksheets.fi) A Robinhood support page describes the network as a permissionless, Ethereum-compatible layer-2 blockchain intended to connect traditional markets, crypto and real-world assets. CoinDesk reported in July that Robinhood Chain had drawn early activity from memecoins even though Robinhood pitched the network around tokenized assets. (pinksheets.fi) CoinDesk said tokenized real-world assets on the chain accounted for about $12.8 million at that time, while memecoins and stablecoins made up a larger share of visible activity. (robinhood.com) ### How does the Pink Sheets process work? Pink Sheets’ website says the sequence is “post the intent, makers bid sealed, best price settles.” The site does not, in the material publicly visible Monday, spell out fees, maker eligibility standards or whether access is restricted by geography or customer type. It does say settlement is atomic and completed in a single transaction on Robinhood Chain. (coindesk.com) The same page says users can join a waitlist by following the Pink Sheets account on X. The user’s note for this story said Pink Sheets’ official X account highlighted the launch on Monday. ### Is this a Robinhood product or a third-party venue on Robinhood Chain? Robinhood’s website lists Robinhood Chain as its blockchain for financial services and tokenized assets, but the Pink Sheets desk appears on Pink Sheets’ own website, not on Robinhood’s newsroom or chain landing page reviewed Monday. (pinksheets.fi) Robinhood’s public chain page does not, in the material visible Monday, mention the Pink Sheets OTC desk by name. That leaves Pink Sheets as the announcing party for the desk itself, while Robinhood remains the named operator of the underlying chain. Pink Sheets’ site labels the product “OTC block desk on Robinhood Chain.” ### What comes next for users watching the rollout? Pink Sheets’ website says prospective users can be “the first to know” by following the project’s X account, indicating the desk is in an early access or staged rollout phase. (robinhood.com) Robinhood’s chain pages remain live, and Pink Sheets’ public site is already displaying example block quotations and execution steps as of Monday, September 7, 2026. (pinksheets.fi)