Edition 2026-10 is live· October 2026

Most venues launch memecoins. Hanko checks the papers.

Nothing in this register clears 18 karat.

A monthly register of tokenized-stock venues, scored 0 to 1000 in karat bands. Real stock behind the claim, or just a memecoin with a ticker.

Explore the register

Pull the JSON

Hanko on duty0 stamped

Leading

Pons 590

14k

Hallmark 375

Click Hanko to rush the stampingSteady

Venues scored: 8; across 2 chains
Median veracity: 515; out of 1000
Top score: 590; Pons
Below hallmark: 1; under 375

Snapshotsha256:6bc0b53b87…5178c3dc

Frozen 5 Oct · data 5 Oct · Robinhood Chain

01Ranked

The register

Every venue, ranked by veracity. Open a row for the evidence.

#VenueVeracityBandChange

1PonsRobinhoodnew59014k14knew
The busiest launchpad on the chain by far. Six in ten launches pair with ETH; fewer than three in ten pair with a stock.
Asset30%
4/10
Of the 671,162 launches on its v2 factory from 3 Aug to 5 Oct 2026, 29.1% pair with a Robinhood Stock Token (63 tickers, led by NVDA and SPCX) and 59.5% with ETH (factory event logs). Its docs describe WETH pools only. A real asset stands behind under a third of launches.
Traction25%
9/10
Largest launchpad on the chain: about 60% of launchpad volume on 1 Sep 2026 (Bitget Academy), $12.7M volume and $877K fees on 4 Oct 2026 (DefiLlama), and 671,162 v2 launches in nine weeks.
Transparency20%
7/10
PonsLaunchFactory, PonsLaunchLocker, PonsV2LaunchFactory, the v2 launch router and the v4 hook are verified and not upgradeable. Operated by Pons Labs, with public docs. A legacy factory is unverified.
Compliance15%
3/10
Launchpad terms only. No prospectus or licence cited. Protocol fees fund buybacks of its own PONS token.
Durability10%
6/10
Live since early July 2026 and kept running through the chain disruption of 4 Sep 2026.
Pairing
Tokenized equity
Custodian
Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
$12.7M
Fees, 24h
$877K
TVL
not published
Read the venue papers
2StonkFunSolanaoff-chainnew59014k14knew
A Solana launchpad whose stock pairs use xStocks, tokens backed one to one by real shares in custody.
Asset30%
6/10
Stock pairs use xStocks such as SPYx, issued by Backed Assets (JE) Ltd and backed 1:1 by shares at Alpaca Securities (Nansen). Memecoin holders get exposure, not a claim on the shares (Blocmates). It also pairs with crypto and its own tokens.
Traction25%
8/10
$17.3M volume and $577K fees on 4 Oct 2026, up from $10.1M and $298K the day before, and $824M cumulative (DefiLlama). Strong for its age, but on Solana, not Robinhood Chain.
Transparency20%
5/10
Tracked by DefiLlama with a public site. No operator is named and no program addresses have been checked here.
Compliance15%
4/10
The xStocks issuer is registered in Jersey. The launchpad itself cites no licence. 60% of fees buy and burn its STONK token.
Durability10%
5/10
Launched in early August 2026. Survived one hype cycle and integrated Raydium LaunchLab in September.
Pairing
Tokenized equity
Custodian
Backed Assets (JE) Ltd (issuer); shares at Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
$17.3M
Fees, 24h
$577K
TVL
not published
Read the venue papers
3Long.xyzRobinhoodnew5509k9knew
Sold as stock-paired, but on-chain only half its launches trade against a Robinhood Stock Token. The rest pair with ETH, stablecoins, memecoins and leveraged tokens.
Asset30%
5/10
Of its 72,224 launches from 13 Jul to 5 Oct 2026, 50.4% pair with a Robinhood Stock Token, falling to 41.0% on the current factory since 6 Sep (factory event logs). The rest pair with ETH (11%), USDG, the AI memecoin and leveraged tokens, so the claim that every token is stock-paired (MEXC Learn) does not hold. Stock Tokens are derivatives issued by Robinhood Europe, UAB; holders cannot redeem for the share.
Traction25%
7/10
Second-largest launchpad: about 25% of Robinhood Chain launchpad volume on 1 Sep 2026 (Bitget Academy) and 72,224 launches since 13 Jul. Not tracked by DefiLlama. DexScreener read $4.8M of 24h volume and $29.6M of liquidity across 676 pools of its launches at 13:05 UTC on 5 Oct 2026; the busiest pools quote USDG and the AI memecoin, not stocks.
Transparency20%
5/10
On 6 Sep 2026 launches moved to an upgradeable proxy; its LongLaunchFactory implementation is verified on Blockscout, and the first launcher was paused on 10 Sep. Upgradeable code can change without notice. Its site and docs block automated checks, and only a co-founder is publicly named.
Compliance15%
5/10
Leans on the issuer: Stock Tokens are issued under MiFID II by a Bank of Lithuania-regulated entity. The venue itself cites no licence.
Durability10%
5/10
Live since 13 Jul 2026, and kept launching through its September factory migration. Its core is now upgradeable and depends on the shared Airlock and Uniswap v4.
Pairing
Tokenized equity
Custodian
Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
not published
Fees, 24h
not published
TVL
not published
Read the venue papers
4BankrRobinhoodnew5359k9knew
An AI trading assistant that can quote launches in any of 90+ Stock Tokens. The stock pairing is optional.
Asset30%
5/10
Since 20 Jul 2026 launches can be quoted in Robinhood Stock Tokens across 90+ equities and ETFs (Crypto Briefing), but stock pairing is optional.
Traction25%
5/10
97,058 of the 189,413 Doppler launches on Robinhood Chain by 30 Sep 2026 were Bankr's (DefiLlama adapter notes). Fees on the chain were $2.7K on 4 Oct 2026 (DefiLlama).
Transparency20%
7/10
Named team, public docs, two audits listed on DefiLlama. Launches go through the shared Doppler contracts rather than its own.
Compliance15%
4/10
No licence cited for stock-paired launches.
Durability10%
6/10
Running on Base since 2025 and on Robinhood Chain since July 2026.
Pairing
Tokenized equity
Custodian
Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
not published
Fees, 24h
$3K
TVL
not published
Read the venue papers
5PAIRRobinhoodnew4959k9knew
Pairs each launch with a basket of up to five Robinhood Stock Tokens. Strong design, but trading has almost stopped.
Asset30%
7/10
Every token trades from its first block against a basket of up to five canonical Robinhood Stock Tokens, in permanently locked Uniswap v4 markets (PAIR launch release).
Traction25%
2/10
Passed $26M volume in its first five days after 26 Aug 2026, but fees were $9 on 4 Oct 2026 (DefiLlama).
Transparency20%
6/10
Launchpad and v4 locker are verified on Blockscout. The launchpad is an upgradeable proxy, so its code can change.
Compliance15%
5/10
Relies on the Stock Token issuer for regulated status. Announced an AWS partnership; no licence cited.
Durability10%
4/10
Live since 26 Aug 2026 with an upgradeable core.
Pairing
Tokenized equity
Custodian
Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
not published
Fees, 24h
$8.71
TVL
not published
Read the venue papers
6FlapRobinhoodnew4709k9knew
Pairs launches with a stock and pays that stock out to holders. Large on BNB Chain, small on Robinhood Chain.
Asset30%
6/10
Its Stocks Vault pairs a memecoin with a tokenized stock and pays that stock to holders as dividends (AirdropAlert). Exposure, not ownership of the share.
Traction25%
2/10
On Robinhood Chain: $13K volume and $2.6K fees on 4 Oct 2026, with $94K TVL (DefiLlama). Almost all its activity is on BNB Chain.
Transparency20%
6/10
Its Robinhood Chain portal is verified on Blockscout but is an upgradeable proxy. Public docs.
Compliance15%
4/10
No licence cited.
Durability10%
6/10
Running since January 2024 on BNB Chain, on Robinhood Chain since 8 Jul 2026.
Pairing
Tokenized equity
Custodian
Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities
Redeemable
No
Checked by
Attestation
Daily volume
$13K
Fees, 24h
$3K
TVL
$94K
Read the venue papers
7Pools.tradeRobinhoodnew4709k9knew
Uniswap Labs' own launchpad: the most transparent venue here, with no stock behind its pairs.
Asset30%
1/10
Tokens launch into Uniswap v4 pools with a fixed supply of one billion (Uniswap). No stock-token pairing was found, so nothing real backs the pair.
Traction25%
4/10
$6.9K fees on 4 Oct 2026 (DefiLlama). Live since 30 Jul 2026.
Transparency20%
9/10
Built and named by Uniswap Labs, on Uniswap's verified UERC20Factory and PoolManager, with public support docs.
Compliance15%
6/10
A known US company with published terms. It makes no securities claim because it pairs no securities.
Durability10%
7/10
Runs on Uniswap's core contracts with permanently locked liquidity.
Pairing
No real asset
Custodian
not published
Redeemable
No
Checked by
None
Daily volume
not published
Fees, 24h
$7K
TVL
not published
Read the venue papers
Hallmark · 375
8Factory NewSolanaoff-chainnew220Below hallmarkBelow hallmarknew
Now a Solana memecoin launcher whose fees buy game skins for a public reserve. No stock anywhere.
Asset30%
2/10
Fees buy CS2 and Dota 2 skins for a public Steam reserve (Factory New site). Collectibles, not stock, and the reserve is not tied to any single token.
Traction25%
2/10
Not tracked by DefiLlama; no figure is published.
Transparency20%
3/10
Public site describing the fee split. No operator named, no contracts checked.
Compliance15%
2/10
Nothing cited.
Durability10%
2/10
Has moved from Robinhood Chain to Solana. Too young to judge.
Pairing
Collectible
Custodian
Public Steam reserve (operator-held)
Redeemable
No
Checked by
Public inventory
Daily volume
not published
Fees, 24h
not published
TVL
not published
Read the venue papers

Judge's sheethouse weights · 30 25 20 15 10

Judge's sheet

Weigh the five criteria your way. The scores stay the editors'; only the weighting is yours. Deltas are always measured at house weights.

Asset30% of the score

Traction25% of the score

Transparency20% of the score

Compliance15% of the score

Durability10% of the score

Presets

02Karat

Scored like gold

The cut points are real gold standards. 916 parts in a thousand is 22 karat; 375 is 9 karat, the lowest standard an assay office will hallmark. Every venue lands somewhere on this bar.

Hallmark 375

Pons 590

StonkFun 590

Long.xyz 550

Bankr 535

PAIR 495

Flap 470

Pools.trade 470

Factory New 220

02505007501000

22k
916 to 1000
Top of the scale. No venue is expected here yet.
18k
750 to 915
High veracity. Nothing in the register clears it today.
14k
585 to 749
Where the current leaders sit.
9k
375 to 584
At or above the hallmark: certified.
Below hallmark
under 375
Listed for scrutiny, not certified.

03Try it

The sniff test

Most venues that trade stock tokens say a real share stands behind each one. Drag to see what the gap between claim and pool does to a score. Watch Hanko's ears.

Of the stock this venue says backs its pairs, how much is actually in the pool?

Stock on paper onlyStock in the pool

Asset 3/10 gives a veracity of 440, 9k.

Over the hallmark, just. The papers check out on the minimum standard.

04Process

How an edition is made

Step 1
Fetch
On the first of the month a job pulls every published figure: volume, fees, pool depth, and whether each contract is verified. Anything unpublished stays empty, never a guess or a zero. The raw pull is saved and hashed.
Step 2
Judge
Five criteria, 0 to 10 each. A score moves at most one point a month, only on new public evidence written into its rationale. An AI reviewer may propose; the code clamps it; two people sign off.
Step 3
Freeze
House weights turn five scores into one number out of 1000. Venues are ranked, compared with last month, and frozen into an edition that never changes. Mistakes get a dated correction, original left in view.

05Use it

What you can do with it

Read the gap

Open any entry to see what backs its pairs, who holds it, and whether you can check. The asset score is where memecoin launchpads and real stock venues part ways.

Follow the deltas

Every edition shows how far each venue moved since the last, always at house weights, so a move means the evidence changed, not the arithmetic.

Reweigh and share

Care more about compliance than volume? Say so on the judge's sheet. The link updates as you go, and whoever opens it sees your order instantly.

Pull the JSON

Every edition is a plain file at a fixed address. Open CORS, no key. Rebuild the scores yourself; the arithmetic is on the method page.

Full rules on the method page.

06Heatmap

Criteria matrix

Every venue on every criterion, scored 0 to 10. Gold marks a strength, red a weakness. Weights at house settings in the column heads.

8 and up: strength Under 4: weakness

Venue and pairing	AssetReal backing30%	TractionVolume, fees25%	TransparencyCode, team20%	ComplianceLicences15%	DurabilityTrack record10%	Veracity
1PonsRobinhood TopTokenized equity · Attestation	4	9	7	3	6	590/100014k
2StonkFunSolanaTokenized equity · Attestation	6	8	5	4	5	590/100014k
3Long.xyzRobinhoodTokenized equity · Attestation	5	7	5	5	5	550/10009k
4BankrRobinhoodTokenized equity · Attestation	5	5	7	4	6	535/10009k
5PAIRRobinhoodTokenized equity · Attestation	7	2	6	5	4	495/10009k
6FlapRobinhoodTokenized equity · Attestation	6	2	6	4	6	470/10009k
7Pools.tradeRobinhoodNo real asset · None	1	4	9	6	7	470/10009k
8Factory NewSolanaCollectible · Public inventory	2	2	3	2	2	220/1000Below hallmark

Daily volume leader: $17.3M (StonkFun, last full day before the cut)Open a venue for the full evidence

07Papers

Custody and papers

Who holds what backs each venue's pairs, where they answer to a regulator, whether a holder can redeem, and how anyone can check.

Venue	Pairing	Custodian	Jurisdiction	Redeemable	Checked by
Pons	Tokenized equity	Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities	Lithuania (Bank of Lithuania)	No	Attestation
StonkFun	Tokenized equity	Backed Assets (JE) Ltd (issuer); shares at Alpaca Securities	Jersey (JFSC)	No	Attestation
Long.xyz	Tokenized equity	Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities	Lithuania (Bank of Lithuania)	No	Attestation
Bankr	Tokenized equity	Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities	Lithuania (Bank of Lithuania)	No	Attestation
PAIR	Tokenized equity	Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities	Lithuania (Bank of Lithuania)	No	Attestation
Flap	Tokenized equity	Robinhood Europe, UAB (issuer); shares held at a US custodian via Alpaca Securities	Lithuania (Bank of Lithuania)	No	Attestation
Pools.trade	No real asset	not published	not published	No	None
Factory New	Collectible	Public Steam reserve (operator-held)	not published	No	Public inventory

08Removed

Struck off the register

Struck off after 60 days without a launch, a dark interface, losing control of domain or keys, or failing the pairing check on review. The final score stays on record.

Clean sheet.No venue has been struck off.

09Fine print

What these scores don't claim

01
These are judgements, not measurements.
Five scores out of ten are an editor's reading of public evidence. The rules about when a score may move keep it honest, but don't make it a meter.
02
What isn't published can't be scored up.
A venue that hides its volume gets no zero and no guess. Its figures say "not published", and the scores lean on what can be seen.
03
On-chain volume can be faked.
Wash trading inflates traction. We read volume next to fees and pool depth, but a determined venue can still flatter itself for a month.
04
We check the claim, not the custodian.
When a venue names a regulated issuer, we record who and where. We don't audit the issuer. Not an audit, not a rating, not advice.

10FAQ

Questions

Why a score out of 1000?

Because gold is measured that way. Fineness is parts per thousand, and the karat bands fall at fixed points on that scale. A venue's veracity reads the same way: how much of what it claims is true.

What does the hallmark at 375 mean?

It is the line between listed and certified. Venues below it stay in the register so readers can watch them, but they don't carry Hanko's seal.

How is the backing checked?

From what the venue and its custodian publish: verified contracts on the explorer, custodian statements, inventory you can read on-chain. Where we can't check, the entry says so.

Can a venue pay to move up?

No. Nobody pays for inclusion, placement or removal, and there are no affiliate or referral links in any edition.

Why a Shiba?

The Shiba is the internet's memecoin dog. Hanko is the one who doesn't launch memecoins: he checks whether there's a real asset behind the ones that claim it, and stamps the papers when there is. His name is the Japanese word for a personal seal.

Hanko, chief inspector

11Open data

Every edition is a JSON file

One file per month at a permanent address. Open CORS, no key, no rate card. Null means not published.

Open CORS

Fetch it from any site or script.

No key

No sign-up, no rate card, no tracking.

Rebuildable

The snapshot hash in the header lets you check the inputs.

2026-10.json

$ curl -s https://veracity-project.vercel.app/editions/2026-10.json | jq '.venues[0] | {name, rank, veracity, band, scores}'{  "name": "Pons",  "rank": 1,  "veracity": 590,  "band": "14k",  "scores": {    "asset": 4,    "traction": 9,    "transparency": 7,    "compliance": 3,    "durability": 6  }}● 200 OK · application/json · CORS open · no key$

$ curl -s https://veracity-project.vercel.app/editions/2026-10.json | jq '.venues[0] | {name, rank, veracity, band, scores}'{  "name": "Pons",  "rank": 1,  "veracity": 590,  "band": "14k",  "scores": {    "asset": 4,    "traction": 9,    "transparency": 7,    "compliance": 3,    "durability": 6  }}● 200 OK · application/json · CORS open · no key$

Download 2026-10.json Open raw URL

Next edition

Edition 2026-10 is frozen. The next is due in November 2026, from a fresh snapshot on the 1st: a registration review, any score moves with their evidence, and deltas against this edition.

Corrections

No corrections to this edition.

Sources

DefiLlama (fees, volume, TVL)metrics
Bitquerymetrics
Robinhood Chain explorer (Blockscout)contracts
DefiLlama adapter source (contract addresses)contracts
Mobula integration docs for Robinhood launchpadscontracts
Robinhood Chain documentationdocs
Robinhood launches Stock Tokens (issuer and custody)research
Bitget Academy: top Robinhood Chain launchpadsresearch
The Block: Pons propels Robinhood Chain to record feesresearch
AirdropAlert: what is Ponsresearch
MEXC Learn: what is Long.xyzresearch
Uniswap: launching and trading tokens on pools.tradedocs
PAIR launches the first multipool RWA launchpad on Robinhood Chainresearch
Crypto Briefing: Bankr stock-paired tokens on Robinhood Chainresearch
Flap documentationdocs
Blocmates: what is StonkFunresearch
Nansen: xStocks and Backed Financeresearch
Factory Newdocs
Launch counts from factory event logs on Robinhood Chain (scripts/launch-scan.ts)contracts
DexScreener (pool volume and liquidity on Robinhood Chain)metrics
Pons documentationdocs

Disclosures

Edition 01 was re-frozen on 5 October 2026, before launch, after an evidence review of every venue. No earlier version was announced.
Figures are DefiLlama's for the last complete day before the cut, counting only each venue's Robinhood Chain activity. Long.xyz and Factory New are not tracked there, so their figures show as not published; Long.xyz's record quotes a DexScreener 24-hour reading instead, outside the snapshot.
Launch counts and stock-pairing shares for Long.xyz and Pons were counted from their factories' event logs on Robinhood Chain up to block 80,788,317 (5 October 2026), with scripts/launch-scan.ts.
Contract addresses come from DefiLlama's adapter source and Mobula's integration docs, and were checked on the Robinhood Chain explorer on 5 October 2026.
o1.exchange is on the watchlist: its launchpad is live on Robinhood Chain, but no stock pairing was found, so it is not admitted.
No venue paid for inclusion, placement or removal. There are no affiliate links in this edition.

The register

Fetch

Judge

Freeze

Read the gap

Follow the deltas

Reweigh and share

Pull the JSON

These are judgements, not measurements.

What isn't published can't be scored up.

On-chain volume can be faked.

We check the claim, not the custodian.

Next edition

Corrections

Sources

Disclosures