The precise version.

A Stock Token is a tokenized debt security issued by Robinhood Assets (Jersey) Limited. It gives you economic exposure to a company's share price — it goes up and down with the share price — but it is not a share in that company. No ownership, no voting rights, no claim on the underlying stock.

Each one is a standard ERC-20 contract with 18 decimals on Robinhood Chain. Corporate actions — stock splits and dividends — are applied through an on-chain multiplier that changes the shares-per-token ratio rather than changing your raw balance. Every value shown to you on this site is the multiplied one; we never display a raw balance as though it were an effective one, and where the multiplier cannot be read we show a dash rather than a number.

Stock Tokens are issued by Robinhood Assets (Jersey) Limited. Giftur is an independent product. We did not create these instruments, we do not issue them, and we are not affiliated with, endorsed by, or sponsored by Robinhood.

Your economic exposure runs to the issuer. If the issuer fails, the instrument is a claim on a failed issuer rather than on the underlying company — this is what “debt security” means in practice and it is a genuine risk that a real share does not carry in the same way.

The value can go down as well as up. What it is worth when you sell it may be less than it was worth today.

A gift holds the asset, not a dollar value. Between the moment it is sent and the moment it is opened, the price moves, and the person opening it may receive less than was paid for it. Nothing on this site promises a return, and nothing here is investment advice.

Stock Tokens are not offered in the United States, Canada or the United Kingdom. If the person opening a gift is in one of those countries, the gift goes back to whoever sent it. There is no workaround.

Stock Tokens are not registered under United States securities laws and may not be offered, sold or delivered, directly or indirectly, in the United States or to or for the account or benefit of United States persons. Offers and sales are subject to restrictions in other jurisdictions including Canada, the United Kingdom and Switzerland.

Because the person opening a gift is not the person who sent it, this is checked at the moment a gift is opened as well as at the moment it is sent. There is no workaround.

Giftur does not process payments, hold customer funds, or convert currency. Where a gift is funded by card or by bank transfer, that is handled end to end by a licensed provider who holds the relevant money transmission permissions, performs their own identity checks on the sender, and bears the chargeback risk. We never receive a card number.

Nobody at Giftur can take your gift, and nobody at Giftur can get it back for you if you lose your sign-in.

Giving and receiving gifts, and later disposing of what was received, can have tax consequences — cost basis, gift thresholds, and disposal on sale — and these differ substantially by country. Giftur does not provide tax advice. A transaction record is available for export by the person who received a gift.

$GFTR is an access token. It carries no revenue share, no buybacks, no yield, and no claim on anything Giftur earns or holds. There is no sale, no presale, and no allocation page, and there will not be a referral bounty paid in it — paying people to send gifts would turn the one genuinely human mechanic in this product into a farm on the first day.

Gifts are funded into a contract with no owner, no pause and no upgrade path, at a fixed address on Robinhood Chain that nobody controls — including us. Giftur never holds your money, never takes a deposit, and has no key that could move an escrowed gift. The sender can take a gift back at any moment before it is opened, and it returns on its own after thirty days.

The contract is unaudited. Do not put more into a gift than you would put in a birthday card. Prices shown are read live, and are marked unavailable rather than estimated when they cannot be read.

Gifts currently carry value in the network’s own currency rather than in a Stock Token. Settling a gift into a Stock Token at the moment it is opened is the next step, and it is the point at which the securities and payments opinion below becomes binding rather than anticipatory.

Before a gift settles into a security, this product requires a securities and payments opinion in the founder’s jurisdiction. That milestone is recorded in the project’s decision log so that it cannot be quietly skipped.