01
Current experience
Luminary runs on Robinhood Chain mainnet with real assets. Buys lock USDG, and fills, cancellations and withdrawals settle on chain. The following points describe boundaries and risks of using it.
02
Securities and jurisdiction
The service lists Robinhood stock tokens for a non-US, jurisdiction-gated participant base. Participant eligibility, issuer terms and applicable restrictions apply.
The website does not determine legal eligibility. Access to this site is not authorization to transact, and references to tokenized stocks do not establish any ownership or shareholder rights. Those are set out in the issuer’s documents.
03
Price, liquidity and execution
An auction aims to bring eligible buyers and sellers together at one clearing price. It does not guarantee enough opposing interest, a full fill or an economically favorable outcome. A limit order may remain unfilled; an at-auction order accepts the eventual clearing price subject to the configured band.
The intended reference band constrains the auction price relative to the Chainlink reference price on Robinhood Chain. It cannot ensure that a reference is timely, error-free or continuously available. Market dislocations and underlying asset events can affect token prices and liquidity.
04
Dollar collateral
Buys lock USDG, a dollar stablecoin. A stablecoin can carry issuer, custody, redemption, liquidity and price risks, and should not be assumed to be equivalent to a cash deposit or protected bank account.
USDG held or locked through this site accrues no return. Its fees and redemption terms are set by its issuer.
05
Timing and corporate actions
The intended schedule follows underlying-market open and close, plus 00:00 UTC. The backend specification includes daylight saving and holiday handling and ex-date pauses. A calendar does not eliminate outages, delayed calls or corporate-action complexity.
The displayed schedule skips NYSE holidays and early closes and pauses an asset on its Ex-Date. It does not account for issuer-specific events or chain outages.
06
Technology, proofs and privacy
Smart contracts, reference feeds, clearing logic, schedulers, proof systems and chain infrastructure may fail or behave unexpectedly. There is no completed external security audit.
The contracts are owned by a 48-hour timelock controlled by a multisig (Safe).
Each settled call verifies its clearing proof on chain, in the same transaction that publishes its print.
Private orders and public prints are distinct design goals. Privacy can still be affected by implementation flaws, metadata, compromised devices or authorized view-key access. Today the operator alone holds the clearing key, so it can read orders before the call. Do not assume anonymity from a sealed-order label.
07
RFQ and expansion
RFQ blocks are negotiated between two parties through sealed messages and cross whole at the auction’s reference price, or both sides are refunded. There is no market maker.
Issuer launches, index rebalances, Arc and FX auctions, calendar data products, agent mandates and derivative settlement references are planned directions. They may change, be deferred or not launch. Nothing on the roadmap guarantees adoption or economic returns.
08
Draft status
These disclosures are a draft and have not been reviewed by counsel. They do not certify compliance.