Stock tokens are tokenized equities built on ERC-8056, an extension of the ERC-20 standard for assets that undergo stock splits. Instead of minting or burning tokens when a split occurs, ERC-8056 applies an updatable multiplier to each holder’s balance. Because they remain ERC-20 tokens, stock tokens support all standard operations — transfers, approvals, and allowances.
Fordefi supports holding and transferring stock tokens on chains that deploy this standard, such as Robinhood Chain.
Your displayed balance reflects your current share count at all times, including any stock splits issued by the token issuer. No action is required on your part when a split occurs. Stock splits do not generate a transaction in your history.
Stock tokens maintain two parallel representations of balance: a raw internal balance and a UI balance scaled by the token's current multiplier. Fordefi always displays the UI balance. When you enter an amount to send, you enter it in shares (the UI amount). Fordefi converts this to the raw internal amount required by the token contract before constructing the transaction, using the contract's current multiplier at the time of the transfer. The on-chain transaction itself is denominated in raw units, not shares.