Tesoro launches TORO on Robinhood Chain paying holders in tokenized gold and stocks
By Crypto Wire
September 23, 2026
Tesoro took $TORO live on Robinhood Chain on September 23, pitching the token as what cofounders Billion and Matt Wright call the chain’s RWA index: hold $TORO and claim periodic in-kind distributions of tokenized stocks, tokenized funds, and tokenized gold, with no staking, no lockup, and nothing to manage. A Chainwire release dated the same day says a 3% tax on the ETH leg of every $TORO trade is passed through in full to buy that basket for holders rather than retained as platform treasury.
The Real-World Utility lead is the conversion story. Robinhood Chain is an Ethereum layer 2 built for financial services and tokenized real-world assets, with a registry of more than 190 official tokenized stocks, funds, and commodities, Chainlink price feeds on each of them, and a wallet layer aimed at a retail brokerage base measured in the tens of millions. Total value locked on the network has passed $1 billion, per the project’s description. What has dominated activity, Tesoro argues, is launchpad speculation: Pons alone has put through more than $116 million in volume across 1.68 million trades from roughly 98,000 wallets, while the tokenized financial products the chain was designed to carry captured a fraction of that flow. Tesoro’s design is a fee router that tries to turn that speculative volume into ownership of the RWA registry assets.
Mechanically, the tax is charged on the ETH leg of a swap and collected at the trading venue by a Uniswap v4 hook attached to the pool, not by fee logic inside the token contract. Wallet-to-wallet transfers of $TORO are free under that model, the token has no owner on the contract, and the founders say that keeps it composable and cleaner for automated scanners. From there the split is fixed in compile-time constants with no setter: 75% of the tax funds in-kind distributions of tokenized assets to holders, and within that portion a quarter buys tokenized gold. The remaining quarter divides into two equal gold legs—12.5% accrues tokenized gold directly to the holder’s claimable balance, and 12.5% accrues tokenized gold into liquidity locked in the pool. Taken together, 43.75% of every unit of tax becomes tokenized gold and the balance becomes the rest of the basket. Holders pick a sleeve—Blended, Stocks, RWA, or Gold—and can switch it, with the change taking effect from the following period.
Tesoro also markets itself as a memecoin launchpad on the same chain. Launching costs 0.0005 ETH plus gas, with no listing fee and no cut of the raise, according to the release. For $TORO holders, a 1% trading fee on launched tokens routes a fifth of itself into buying $TORO on the open market and burning it, with a further share paying tokenized gold to holders and the rest funding liquidity and operations. The founders frame memes as the entry point and the RWA chest under each launch as the point of the experiment—not an institutional custody product, and not a claim that every memecoin on Robinhood Chain suddenly becomes a stock certificate.
$TORO has a fixed supply of one billion tokens and no mint function. 22% of supply sits in a burn reserve that never circulates, releasing linearly over thirty days through a permissionless trigger with no owner; when that completes, total supply is 780 million. Another 18% seeds initial liquidity and is locked for twelve months. Beyond those categories, nothing vests: market capitalization equals fully diluted value from day one under the fair-launch framing, but the team can sell whenever any other holder can, and the largest single holding—10% of supply—is unlocked from the first block. Category wallet addresses are published so holdings can be watched onchain rather than taken on trust. Attribute those figures to Tesoro’s September 23 materials; this desk has not independently audited the contracts.
Why an NFT and crypto RWA desk opens the wire: Robinhood Chain has already hosted stock-token NFTs, meme spikes, and suspected rugs in the same week’s tape. Tesoro’s hook is whether a Uniswap v4 fee path can actually move holder claims into the chain’s official tokenized gold and equity registry instead of another chart-only treasury. What to watch next: whether claimable baskets clear for ordinary wallets, whether the gold sleeve accrues as described, and whether launchpad volume on Pons-style venues starts routing measurable buybacks into $TORO. What not to invent: dividends from traditional brokers, SEC registration of $TORO as a security product, or a guarantee that tokenized gold in a claimable balance equals redeemable physical metal outside the project’s stated terms.
Bottom line: On September 23, Tesoro launched $TORO on Robinhood Chain with a 3% ETH-leg trade tax designed to buy and distribute tokenized stocks, funds, and gold to holders without staking—company claims via Chainwire, not audited desk verification.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
