Arcus launches pToken protocol on Robinhood Chain to tokenize perpetual contract account shares

According to The Block, Arcus has launched the pToken protocol on Robinhood Chain, which converts perpetual contract account shares with fixed market and leverage levels into transferable ERC-20 tokens for on chain protocols such as lending. The first batch of this agreement supports leverage exposure for BTC, SOL, HYPE, and some stock tokens, while also launching multi asset collateral functionality, allowing SPY, QQQ, and MAG7 tokens to serve as perpetual trading collateral.