Low Ze Sheng has spent the past two years trading memecoins, chasing the jokes and bursts of attention that can send a token soaring before the crowd moves on.
Usually, he buys them with cryptocurrencies such as Ether or Solana. Robinhood Markets Inc. has thrown a different kind of asset into the mix: Stock Tokens, digital securities designed to track individual stocks and backed 1:1 by the corresponding shares. Because they can circulate on the same open crypto markets as memecoins, traders can pair the two in a liquidity pool and swap one directly for the other.
