Tesoro Takes $TORO Live On Robinhood Chain, Paying Holders In Tokenized Gold And Stocks
New York, New York, September 23rd, 2026, Chainwire
Tesoro has launched $TORO as what its founders call the RWA index of Robinhood Chain. A 3% tax on every trade is passed through in full, buying tokenized stocks, funds and gold that accrue to holders in kind and are claimed each period, with no staking and nothing to manage. Cofounders Billion and Matt Wright are betting that the chain’s most abundant resource, speculation, can be converted into its scarcest outcome, ownership.
Tesoro has taken $TORO live on Robinhood Chain, and the pitch is unusually literal for a market built on jokes. Hold the token, and tokenized stocks, tokenized funds and tokenized gold accumulate to the wallet in kind. There is no staking contract, no lockup and no yield farm to manage. The engine is a 3% tax on the ETH leg of every $TORO trade, and the project’s central claim is that none of it stays with the platform.
That claim is the part worth examining, because it inverts how this category has worked. Robinhood Chain was built as an Ethereum layer 2 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 that reaches a retail brokerage base measured in the tens of millions. Total value locked on the network has passed a billion dollars. What has actually dominated the chain, however, 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. The asymmetry is the gap Tesoro is built into. Speculation is the chain’s most abundant resource and ownership of tokenized assets is its scarcest outcome, and Tesoro’s entire design is a conversion mechanism between the two.
“We did not want to build another launchpad that takes a cut and leaves the community holding a chart,” said Billion, cofounder of Tesoro. “Every cycle ends the same way, where one dip in Bitcoin drags everything down with it and holders are left with nothing they can point to. Robinhood put real tokenized gold and real tokenized equities within reach onchain, so we built the thing that routes trading activity into them instead of into a treasury we control.”
Tax Routing and Distribution
The routing is where $TORO separates itself from the passthrough tokens that came before it. 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 the token contract. That distinction has consequences a trader feels: wallet to wallet transfers of $TORO are free and always will be, because the token itself contains no fee logic, and it has no owner on the contract, which keeps it composable inside other applications and clean to automated scanners.
From there the split is fixed. Seventy five percent 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 the token trades in. 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, either Blended, Stocks, RWA or Gold, and can switch it, with the change taking effect from the following period. The splits are compile time constants in the deployed contracts with no setter, which means the routing is publicly verifiable rather than merely disclosed.
“People ask where the 3% goes and the answer is that it leaves us entirely,” said Billion, cofounder of Tesoro. “Three quarters of it buys the basket for holders, an eighth accrues gold straight to your claimable balance, and an eighth locks gold into the liquidity everyone trades against. Those numbers are constants in the contract with no setter, so nobody, including us, can move them later.”
Tesoro Launchpad and Token Model
Tesoro is a memecoin launchpad and makes no attempt to be described as anything else. What the founders argue is that the category is the entry point rather than the ceiling, and that what sits under the hood of each launch is where the platform’s ambition for Robinhood Chain actually lives.
That ambition is stated in terms of the chain’s namesake: Tesoro wants to be for Robinhood Chain what Robinhood itself was for Wall Street, the place where an everyday user can find and take advantage of everything the chain has to offer. Accessibility is as much the point as innovation.
“Yes, this is a memecoin launchpad, and we are not going to dress it up as something else,” said Matt Wright, cofounder of Tesoro. “There is far more under the hood, and what it points at is more utility on Robinhood Chain and more tokenized equities and real world assets actually in people’s hands. Memes are how we innovate without taking ourselves too seriously at the start. They are how we get in the door and experiment with a community that is aligned with the same vision.”
The economics around a launch are deliberately builder friendly and deliberately simple. Launching costs 0.0005 ETH plus gas, with no listing fee and no cut of the raise.
For $TORO holders, every launch on the platform is a potential revenue rather than competition. 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.
“Every launch on this platform pays the people holding $TORO,” Billion said. “A fifth of that trading fee buys the token back off the market and burns it, and gold goes out to holders on top. None of it depends on us choosing to be generous at some later date. It is in the contracts, and anyone can check it.”
$TORO Supply and Token Allocation
$TORO has a fixed supply of one billion tokens and no mint function. The largest allocation is not the team’s: 22% of supply sits in a burn reserve that never circulates, releasing linearly over thirty days through a permissionless trigger with no owner, and when it completes total supply is 780 million. That sits alongside the fee funded buyback, giving the token two independent deflationary forces pointed at the same outcome. A further 18% seeds initial liquidity and is locked for twelve months.
Beyond those two categories, nothing vests. It is a fair launch, which Tesoro presents with both edges showing. In the holder’s favour, market capitalisation equals fully diluted value from the first day, there is no hidden supply and no unlock cliff for anyone to trade against. Against the holder, the team can sell whenever any other holder can, and the largest single holding, ten percent of supply, is unlocked from the first block. The category wallet addresses are published, so the holdings can be watched directly rather than taken on trust.
Tesoro Model and Planned Features
The pirate framing is doing real work here. The pirates of Robinhood arriving on Wall Street, the parrot mascot named Hidalgo, the weekly community event the project calls a plunder in which holders push toward a published onchain target rather than a price: all of it is designed so that a mechanism most people would find dull enough to ignore instead becomes something a community wants to talk about. Underneath the costume is a fee schedule where every line has one destination and a roadmap gated on verifiable conditions rather than dates, including prediction markets that would let a creator hedge the basket backing their own token.
Nobody planned for the first structures built on tokenized equities to come from memecoin builders rather than institutions. They are being built anyway, at the venue where mainstream retail finance is being rebuilt, and Tesoro’s answer to what a trading fee is for is a chest of tokenized gold and stocks that pays out to the people holding $TORO.
Disclosure: this article is informational and is not investment advice, and it is not an offer to sell or a solicitation to buy any token. Tesoro does not issue, mint, custody, or distribute tokenized assets and guarantees no returns. $TORO and the platform’s distributions are not available to United States persons or to residents of sanctioned jurisdictions, and eligibility is screened at the point of claim. Digital assets are volatile and $TORO is described by its own documentation as a high risk early stage asset.
About Tesoro
Tesoro is a memecoin launchpad built on Robinhood Chain that routes trading activity into tokenized gold, stocks and funds for the people holding its tokens. Its native token, $TORO, carries a 3% trade tax that is passed through in full, with holders claiming their share of the basket each period, no staking or lockups required. Every token launched on the platform sits on a chest of real tokenized assets locked beneath its own liquidity, and every launch pays $TORO holders through buybacks, burns and gold distributions written into the contracts. Founded by Billion and Matt Wright, Tesoro aims to be for Robinhood Chain what Robinhood was for Wall Street: the place where everyday users can access everything the chain has to offer.