Stocks

Mage trades tokenized stocks on Robinhood Chain. A stock token tracks the price of a stock or an ETF. You buy it and sell it the way you buy and sell any other token.

Stock tokens are Reg S instruments. They are not offered to US persons.

Buy and sell

A buy spends USDG and is priced in dollars. A sell is a percent, from 1 to 100. Both need a little ETH on Robinhood Chain for gas.

Mage quotes the token, shows the card, and waits for your "yes". The receipt links to the Robinhood Chain explorer.

Availability

Not every ticker fills. A ticker can return a price and still refuse the trade. Mage says so plainly and tells you the limit sits with the venue, not with you and not with your account.

Stock-token trading can also be paused for everyone.

Ask Mage about a ticker to see what it can do with that ticker right now.

Good to know

• A stock token is not a share. Corporate actions apply a multiplier on chain, so your token count is not a split-adjusted share count. The price is quoted for one token.
• Prices come from market makers, not from a pool. "No market-maker quotes right now" is a real and temporary answer.
• Stock tokens trade 24/7. The reference price feed updates 24/5. Mage flags a stale reading, for example "(feed last updated 62h ago — markets closed)".
• If you hold too little USDG, Mage can put the funding and the buy on one card and one "yes". You still need ETH for gas in your wallet first. See Bridge.