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Turn your picks
into a fund.

On-chain funds that hold crypto and tokenized stocks, run by managers people follow, open to anyone in one transaction.

Investor presentation · October 2026

The problem

People want to follow good pickers. Today that means trusting a platform with your money.

Copy trading is custodial

Social trading apps hold your money and report the results themselves. You can’t verify either.

On-chain fund tools are for pros

Vault platforms target asset managers: policies, whitelists, ops. Not something a trader with a following sets up in minutes.

Picking is a full-time job

Thousands of new tokens, and now 190+ tokenized stocks on Robinhood Chain. Most people want a curated basket.

The solution

MORROW: on-chain funds anyone can launch, and anyone can join.

Launch in minutes

Pick tokens and weights, set your fees. One transaction, live on Discover.

Invest in one click

Pay in ETH or a stablecoin; the fund buys every token for you.

Never custodial

Smart contracts hold the fund. Managers trade it but can never withdraw it.

How it works

One transaction in, one transaction out.

1

You deposit

ETH, USDG or USDC, in one transaction

2

The fund buys its tokens

Automatically, in the right proportions

3

You get shares

Your part of everything the fund holds

Managers set the targets and rebalance whenever they want, with a preview of every buy and sell before they sign.

Investors can leave any time: in ETH, a stablecoin or the tokens themselves. Every trade has a price floor.

Why now

Stocks just moved on-chain, next to crypto, for retail.

~$39B

real-world assets tokenized on-chain in 2026

190+

stock tokens on Robinhood Chain within three months of launch

28.6M

funded Robinhood customers, the on-ramp to that chain

Sources: rwa.xyz, Oct 23, 2026; Robinhood assets list; Robinhood operating data, Aug 2026

Tokenization

Every forecast says the same thing: a hundredfold by 2030.

On-chain today (2026)
~$39B
McKinsey, 2030
$2T
Citi, 2030
$5.5T
ARK Invest, 2030
$11T
BCG × ADDX, 2030
$16.1T

Tokenized assets need products people can buy. A fund that mixes tokenized stocks with crypto is exactly that.

Sources: rwa.xyz, Oct 2026; McKinsey; Citi Institute GPS (2026); ARK “Big Ideas 2026”; BCG × ADDX (2022)

Robinhood Chain

Robinhood built the rails. MORROW builds the funds on top.

Robinhood Chain is an Ethereum L2 for tokenized assets. Its stock tokens trade on-chain around the clock and reach users in 120+ countries through the Robinhood Wallet.

MORROW funds hold those stocks next to ETH, stablecoins and ecosystem tokens: NVDA, TSLA, AAPL, SPY and 15 more at launch, priced by Chainlink, traded on Uniswap.

July 1, 2026

public launch of Robinhood Chain

~$145M

in Robinhood stock tokens on-chain

$1.14B

DeFi TVL on the chain, under four months in

Sources: rwa.xyz; DefiLlama, Oct 23, 2026; Robinhood docs

Demand

Millions already follow other traders. Almost none of it is a real, on-chain fund.

fomo
625K+

users following other traders, $4B+ volume, valued at $550M

eToro
40M

registered users on the largest copy-trading app, all custodial

Stock tokens
4.4M+

wallets holding tokenized stocks, 1.48M on Robinhood Chain

People want to follow traders and own a curated basket. Today that’s custodial or unverified. MORROW turns it into a fund.

Sources: fomo Series B (June 2026); eToro (Aug 2026); rwa.xyz (Oct 2026)

The product, live today

A full fund platform, on two chains.

Robinhood Chain + Ethereum

V2 contracts live since Oct 2026. Deposit in ETH, USDG or USDC.

Stocks + crypto in one fund

19 stock tokens, ETH, stablecoins, AI and VIRTUAL, up to 15 tokens per fund.

List any token

Permissionless, from any Uniswap V2, V3 or V4 pool with real liquidity.

Three fund types

Index, Standard or Degen: lower, medium or high risk. Investors see it at a glance and filter on it.

Social layer

Feed, theses, verified managers, performance cards for X.

Paper funds

Build a public track record first, then launch for real. App in 5 languages.

Built-in trust

Investor protection lives in the contract, not in a promise.

A manager decides what a fund holds. Everything else is fixed by code they can’t change on the spot.

RuleWhat it means
Non-custodialManagers can trade a fund, never withdraw it
Fee capsEntry ≤ 10%, performance ≤ 20%
Real profit onlyPerformance fee per investor, on cash-out
7-day noticeAny fee raise waits, so investors can leave
Slippage floorsEach trade has an on-chain minimum
No forced dumpsThin pools return tokens in kind
2-day upgradesLock-ups lift while new code waits

The landscape

On-chain funds exist. They’re built for someone else.

Enzyme

$95.5M TVL

Vault-as-a-service for DeFi and RWA products. Policies, integrations, ops. Built for professional and institutional managers.

T3tris Finance

$13.5M TVL

Zero-fee ERC-4626 vaults with async deposits for professional asset managers. Mostly on Arbitrum, also on Robinhood Chain.

Alvara

~$10K TVL

ERC-7621 basket tokens (BSKT): anyone creates a crypto basket, holders vote on changes. Ethereum and Base.

Source: DefiLlama, Oct 23, 2026

Side by side

The only one built for creators, with stocks in the basket.

PlatformBuilt forWhat a fund holdsChainsEntry for investors
MORROWTraders with a following, and their audienceCrypto + 19 tokenized stocksRobinhood Chain, Ethereum. Next: Base, Arbitrum, BNB ChainOne tx, ETH or stable
EnzymeProfessional and institutional managersDeFi positions, RWAEthereum, Polygon, ArbitrumVault deposit
T3trisProfessional asset managersManager strategiesArbitrum, Robinhood ChainAsync deposit
AlvaraBasket creators, token holdersCrypto basketsEthereum, BaseBasket mint

Based on each platform’s public descriptions, October 2026. Our reading, not their claims.

Positioning

An empty corner, and it’s growing.

Retail-first fund creation, with tokenized stocks next to crypto. Nobody else sits here.

For professionals For creators + retail Stocks + crypto Crypto only
Enzyme
T3tris
Alvara
MORROW

Placement is our assessment of each product’s public positioning

Why MORROW wins

Four things that compound.

1

Native to Robinhood Chain

Stock tokens, Chainlink prices and anchor tokens are wired in. First mover on stock + crypto funds.

2

Creators earn from day one

Entry and performance fees go straight to the manager. Launching takes minutes, not a legal team.

3

Every manager is a marketer

Performance cards, theses and a public feed turn each fund’s results into posts that bring investors.

4

TVL drives $MORROW

Every fund on Robinhood Chain holds at least 5% $MORROW, enforced by the contract.

Business model

Pay per transaction, or subscribe.

Planned

Protocol fee

On every transaction, for users without a subscription. Rate TBD.

Planned

Subscription

No protocol fee on any transaction. Price TBD.

In the contracts

Creation fee

€100–500 per fund. Free today to win managers.

Live

$MORROW in every fund

5% of each Robinhood Chain fund: demand that grows with TVL.

Protocol fee and subscriptionsTBD
100 new funds a month × €100–500€120–600K / year
Scenario total€120–600K+ / year

Go-to-market

Win the managers. Their audiences follow.

01

Seed managers

Onboard traders with an audience on X and Telegram, one by one.

02

Share loop

Performance cards and the feed put every result on X, with a link back.

03

Ecosystem

AI and VIRTUAL communities, launchpads on Robinhood Chain, stock-token holders.

04

Global by default

Five languages, aimed at the 120+ countries stock tokens reach.

Paper funds are the top of the funnel: prove a strategy in public at no cost, then launch it for real.

Traction

Live for weeks, already used by real managers.

Oct 5

first fund live, 2026

2

chains live: Robinhood Chain and Ethereum

11

funds launched

$9.8K

value in funds

$MORROW launched on Pons, Robinhood Chain’s launchpad: 500 holders, $430K all-time-high market cap

Best fund +100% since launch

Roadmap

From a fund app to the fund layer of on-chain markets.

Live now
  • V2 on Robinhood Chain and Ethereum
  • Stocks + crypto in one fund
  • Permissionless token listing
  • Paper funds, share cards, feed
  • Guide, pitch, 5 languages
Next
  • Onboarding campaign: seed managers, first-deposit rewards
  • More chains: Base, Arbitrum, BNB Chain
  • Fomo copy funds: funds that follow top fomo traders
  • Gold and silver (GLD, SLV)
  • External security audit
Later
  • Protocol fee and subscriptions
  • Manager leagues and competitions
  • $MORROW across chains
  • Fund API: other apps build on MORROW

Turn your picks into a fund.

rh.morrowfunds.com · eth.morrowfunds.com

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